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More than half of PPP funds went to larger businesses, new data show

December 2, 2020 | The Washington Post

According to data on the government’s Paycheck Protection Program, about 600 mostly larger companies, including dozens of national chains, received the maximum amount allowed under the program of $10 million.

Indiana Landmarks helping to preserve historic World’s Fair homes

November 29, 2020 | Associated Press

When the National Park Services launched Indiana Dunes National Lakeshore, as it was known then, in the 1960s, it inherited a number of historic structures, including the World’s Fair homes.

Consumer spending up only slightly as virus maintains grip

November 25, 2020 | Associated Press

U.S. consumers increased their spending by a sluggish 0.5% last month, the weakest rise since April, when the pandemic first erupted.

Entrepreneur plans restaurant, recreational project in Broad Ripple

November 25, 2020 | Mickey Shuey

A local entrepreneur plans to redevelop the former Broad Ripple Steakhouse restaurant site and an adjacent property into a multi-tenant dining concept and outdoor recreation area. The development would utilize numerous shipping containers in its design.

Indiana lawmaker quitting weeks after winning reelection

November 24, 2020 | Associated Press

State Rep. Christy Stutzman said she needed to devote more time to her family’s business after the family and business partners earlier this year bought the former Amish Acres tourist attraction that they renamed The Barns at Nappanee.

Attorney General Hill ordered to pay $19K in disciplinary costs

November 23, 2020 | Olivia Covington, Indiana Lawyer, and The Associated Press

The amount is about one-third of the roughly $57,000 the Indiana Supreme Court Disciplinary Commission had asked the court in September to order Curtis Hill pay toward expenses in the case.

Retailers brace as virus bears down on consumers, economy

November 22, 2020 | Associated Press

The acceleration of coronavirus cases is causing an existential crisis for America’s retailers and spooking their customers just as the critically important holiday shopping season nears.

Business owners upbeat about vaccine, wary as virus spreads

November 22, 2020 | Associated Press

Promising news about a coronavirus vaccine has small business owners feeling more upbeat. They also realize many hurdles remain as the pandemic shows no signs of abating heading into the winter.

Editorial: Hosting the entire March Madness could be one of city’s great moments

November 20, 2020

If the city is going to host the tournament, it must do so with a clear-eyed awareness that much work needs to be done—especially downtown, where many restaurants have gone out of business and many buildings are boarded up.

Restaurants: Tighter rules would cause devastation

November 20, 2020 | Mickey Shuey

A surge in coronavirus cases has local restaurateurs fretting that public officials are on the cusp of imposing severe restrictions that they say will force hundreds of local eateries to close.

MIKE LOPRESTI: Here are a few ideas to ponder for a one-city-fits-all NCAA tourney

November 19, 2020 | Mike Lopresti

The idea of Indy hosting all of March Madness is thrilling. Let’s make it the ultimate showcase of our state’s favorite sport.

Bottleworks District announces four tenant openings beginning in December

November 18, 2020 | Mickey Shuey

Living Room Theaters plans to open in December followed soon after by YogaSix and GoodNeighbor, as well as a new coffee shop.

Local marketing software biz SmarterHQ acquired by New York City-based firm

November 17, 2020 | IBJ Staff

SmarterHQ, a fast-growing Indianapolis-based marketing software firm that has raised more than $42 million in venture capital since its founding in 2010, has been acquired.

Weak retail sales in October stir up unease about holidays

November 17, 2020 | Associated Press

A surge in coronavirus infections nationwide and the expiration of a $600 weekly boost to unemployment checks over the summer have slowed spending by Americans.

UPDATE: Indianapolis in talks to host every game of 2021 March Madness

November 16, 2020 | Mickey Shuey and IBJ Staff and Associated Press

The NCAA announced Monday it is in talks with city and state officials to play all 67 games in the Indy metropolitan area, in order to simplify logistics and limit potential exposure to COVID-19.

Sports Corp. ‘very close’ to bringing basketball bubbles to Indiana Convention Center

November 13, 2020 | Mickey Shuey

Visit Indy President and CEO Leonard Hoops addressed the topic Friday during the monthly Capital Improvement Board meeting, indicating there are tentative plans for up to three separate bubbles.

Mounting commercial real estate losses threaten banks, recovery

November 12, 2020 | The Washington Post

Office space, the largest single slice of the commercial real estate sector, already is seeing rents fall as vacancies rise. Property values eventually could plummet 20% to 35%, according to a recent Barclays report. Hotels and retail properties have been hit even harder.

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