Massachusetts, Broad Ripple avenues to reopen to traffic after Labor Day
Broad Ripple Avenue and Massachusetts Avenue were closed in May as part of the Dine Out Indy initiative to create more space for outdoor dining during the pandemic.
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IndyGo to remove more than 500 bus stops in ‘balancing’ effort
IndyGo said the balancing program would not eliminate any routes. IndyGo had planned to make major route changes this year, but has postponed those changes until next year because of the pandemic.
American Airlines plans 19,000 furloughs, layoffs in October
Passenger traffic has recovered slightly since the beginning of the pandemic but remains down 70% from a year ago, and carriers say they need fewer workers.
Bank profits slump 70% as virus rakes businesses, households
Banks are now facing tens of billions of dollars of loans that appeared healthy in March, but are now in forbearance or deferral because those borrowers can no longer pay.
Indiana reports 841 new COVID-19 cases, 15 more deaths
The Indiana State Department of Health reported the testing of 9,140 more individuals and a cumulative positivity rate for unique individuals of 8.7%.
TV, streaming viewership for Indy 500 down from last year’s race
The broadcast of Sunday’s race delivered a huge rating in Indianapolis, but overall viewership was likely hurt by a tougher a slate of competition from other sports, including NASCAR.
New online platform to connect Marion County job seekers with work, training
The city allocated about $1 million of its Coronavirus Aid, Relief and Economic Security Act funds to the effort.
Local firm plans $8.5M senior apartment project on near-east side
Indianapolis-based TWG Development expects construction to begin within 15 months if it can offset costs by landing affordable housing tax credits.
Former IU athletic director Glass joining Indianapolis law firm
Fred Glass, 61, will become a partner at Taft Stettinius & Hollister, where he will operate a general business law practice, while also handling matters related to higher education, employment, government matters, sports, media and entertainment.
Co-founder of biomedical giant Biomet donates $10M to Rose-Hulman
Rose-Hulman, which offers the country’s top-rated undergraduate engineering program, said the gift was among the largest individual donations in institute history.
Indiana Convention Center still hosting some events despite pandemic
The pandemic hasn’t stopped all hospitality business in Indianapolis. Nearly 40,000 people have visited downtown since the beginning of July for events at the Indiana Convention Center or at major hotels.
Council panel advances financing proposal for Indiana Convention Center expansion
The full City-County Council is expected to vote on the proposals next month. After that, the financing will need to be approved by both the Metropolitan Development Commission and the Indianapolis Bond Bank.
Westfield council OKs $3.5M tax abatement for software firm’s HQ
Carmel-based SEP and Indianapolis-based developer Pure Development Inc. are partnering to build the 70,200-square-foot facility in Westfield by the end of next year.
U.S. stocks join global rally amid COVID-19 treatment hopes
The S&P 500 rallied 34.12, or 1%, to 3,431.28 and added to the all-time high it set last week, when it erased the last of its losses from the coronavirus pandemic.
Former official for Carmel-based fraternity foundation sentenced to 27 months
The former financial coordinator of a charitable foundation operated by women’s fraternity Zeta Tau Alpha has been sentenced after pleading guilty to embezzling about $450,000 from the organization.
Indiana shakes up COVID-19 data by including antigen testing
Starting Monday, the state began including positive results from antigen tests along with its traditional PCR tests. That single move reduced the state’s testing-positivity rate—but some officials say the accuracy of antigen testing is still widely unknown.
To-go drinks a lifeline for businesses in most states, but not Indiana
In a May survey of 3,800 restaurants, the association found that 78% of operators who were selling alcohol to go had brought back laid-off employees, compared to 62% of operators overall.
Zoom gets glitchy on first day of school for thousands
Zoom said Monday that it began receiving reports of disruptions around 9 a.m. It has identified the issue causing the problem and is working on a fix, it reported on its status page.
State reports 688 more COVID-19 cases, five more deaths
The Indiana State Department of Health on Monday made major changes to the way it is reporting COVID-19 testing data to the public that will affect testing-positivity rates.
Gutwein resigns as CEO of Health and Hospital Corp.
The sudden departure follows accusations that Matthew Gutwein, 57, exploited legal loopholes to shift millions of dollars from nursing homes to the system’s Eskenazi Hospital and other programs.