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Hotel developments, including Pan Am Plaza, likely to see big delays

March 19, 2020 | Mickey Shuey

Several developments in recent days have been thrust into holding patterns, as banks and financial institutions have stopped approving new construction loans for hotels and other projects amid the economic plunge from COVID-19.

pan am convention center project

Holcomb signs bills related to health care, distracted driving

March 19, 2020 | Lindsey Erdody

Indiana Gov. Eric Holcomb signed 84 bills on Wednesday, but has not made decisions yet on several pieces of controversial legislation.

Hamilton County officials work to keep residents informed during crisis

March 19, 2020 | Kurt Christian

Emergency response officials answered questions via a livestream broadcast on Facebook Live on Wednesday night to provide updates on efforts in the county, which so far has two official cases of the virus.

Treasury chief: Family of 4 could get $3K under virus relief plan

March 19, 2020 | Associated Press

Details on President Trump’s economic rescue plan are still being worked out, but its centerpiece is to dedicate $500 billion to direct payments to Americans, starting early next month.

Jobless claims jump by 70,000 as virus starts to take hold

March 19, 2020 | Associated Press

Both the one-week rise and the total number of applications were far above the levels seen over the past year .

Local high-end restaurants adapting to in-house dining restrictions

March 19, 2020 | Susan Orr

Some are switching their menus to carryout-friendly fare and redeploying servers as delivery drivers.

City’s biggest hotels consider closures as industry lobbies for tax relief to ease outbreak impact

March 19, 2020 | Mickey Shuey and Greg Andrews

The owners of the city’s two largest hotels are considering closing them amid drastic decreases in business caused by the COVID-19 outbreak.

Effects of pandemic will slam state, local tax receipts

March 19, 2020 | Lindsey Erdody and Samm Quinn

A former Senate budget writer said the hit to the state budget could be bigger than during the Great Recession, when state revenue dropped 15% over two years.

Trump signs $100B rescue bill while proposing $1 trillion plan to stabilize economy

March 19, 2020 | Associated Press

Details on the president’s economic rescue plan remain sparse, but its centerpiece is to dedicate $500 billion to start issuing direct payments to Americans by early next month. It would also funnel cash to businesses to help keep workers on payroll.

SBA makes emergency loans available statewide to help businesses survive outbreak

March 18, 2020 | IBJ Staff

The low-interest loans of up to $2 million are designed to provide working capital to Indiana businesses struggling to make it because of the COVID-19 outbreak.

Coronavirus layoffs spark surge in states’ jobless claims

March 18, 2020 | Associated Press

The growing number of people filing for unemployment checks raises fresh questions about whether states have stockpiled enough money since the last recession to tide over idled workers until the crisis ends.

Stocks tumble, investors dash for cash amid recession fears

March 18, 2020

Stocks sank more than 5% on Wall Street Wednesday, and the Dow erased virtually all its gains since President Donald Trump’s 2017 inauguration.

Indianapolis hospitals could be overwhelmed within weeks, new study says

March 18, 2020 | John Russell

This area has 1,081 intensive care unit beds, but they could be filled by coronavirus patients within weeks under numerous scenarios mapped out by the Harvard Global Health Institute.

URBAN DESIGN: The best downtowns encourage community

March 18, 2020 | Tom Gallagher

Buildings that shut out street life are all about isolation, a concept we’re experiencing to an uncomfortable degree.

Pharma giant Lilly to help Indiana health officials with COVID-19 testing

March 18, 2020 | Mason King and John Russell

State officials have taken sharp criticism in the last week for the slow pace of testing. Through Tuesday, the Indiana State Department of Health had conducted 193 tests, out of which 39 were presumed positive.

Simon Property closing all shopping malls until March 29

March 18, 2020 | IBJ Staff

The Indianapolis-based company said Wednesday that it made the decision “after extensive discussions with federal, state and local officials and in recognition of the need to address the spread of COVID-19.”

UPDATE: Major automakers agree to close all factories

March 18, 2020 | Associated Press

The United Auto Workers union has been pushing for factories to close because workers are fearful of coming into contact with the coronavirus.

Trump to order suspension of all foreclosures, evictions until May

March 18, 2020 | Associated Press

President Donald Trump says he’ll invoke the Korean War-era Defense Production Act to marshal the private sector in response to the coronavirus pandemic.

Indianapolis library adds to digital collection amid outbreak demand

March 18, 2020 | Susan Orr

The library shut down all its physical locations at the end of the day Saturday. This, plus the fact that many patrons are home from work or school, has created a big bump in demand for digital materials.

IndyHub launches virtual meet-ups initiative in response to pandemic

March 18, 2020 | Anthony Schoettle

IndyHub, working with Leadership Indianapolis, plans to host digital book clubs, panel discussions and virtual meet-ups, replacing their traditional event and program schedules with opportunities to convene remotely.

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