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Facing millions of dollars in lost revenue from the COVID-19 outbreak, major arts and cultural attractions throughout Indianapolis are slashing budgets, cutting staff and dipping into reserves or endowments to make ends meet.
The number of Hoosiers filing for unemployment benefits has skyrocketed over the past two weeks.
Many of Indiana’s 54 public companies have withdrawn their earnings guidance for the year, even as executives emphasize their belief that they are positioned well for the long term.
The day of reckoning comes when the U.S. Treasury has to choose between paying the interest on its bonds or paying its obligations to its pensioners.
Nearly $350 billion in forgivable federally backed loans could be a lifeline for small businesses and their employees amid the COVID-19 outbreak.
MHG President Sanjay Patel has been through tough times in the hotel industry before—but nothing quite like this.
Desi Spears and Foster-Adesokan have both heard from clients who want to make appointments for when they reopen their shops.
On the day Rachel Priddy finally got word from her contractor that she could apply for a certificate of occupancy to open her coffee shop in Carmel, Gov. Eric Holcomb ordered all restaurants to shut down in-person dining.
For now—although some restaurants can still sell Circle Kombucha with takeout orders—most of the company’s sales are taking place at about 150 grocery stores in Indiana and the region.
The company, which has about 350 employees, makes medical-grade refrigerators, freezers and defrosters for vaccines, medicines, blood products and other perishable medical supplies.
Naptown Fitness is offering its members a different kind of carryout as a way to stay healthy while gyms are closed during the pandemic.
Jim Shirley is one small-business executive who isn’t worried about a decline in business during the pandemic. If anything, he’s worried about a surge.
About 60% of the company’s sales typically happen at lunch and are delivered to workplaces, which have been stripped down to only the most essential people.
The league was scheduled to open training camps April 26 and the regular season was set to begin May 15. The WNBA will still hold a “virtual” draft April 17.
The Indiana State Department of Health reported that 17,835 people have been tested so far, up from 16,285 in Thursday’s report.
More than 40% of Hoosiers have already filled out the 2020 Census, but concerns remain about getting the rest of the state to respond during a public health crisis.
The action affects employees as well as the Columbus-based engine maker’s CEO and board members. The company said it will re-evaluate the temporary pay cuts at the end of the second quarter.
Purdue President Mitch Daniels told trustees Thursday that he’s also limiting repairs and purchases and putting a freeze on new hires.
Last month’s actual job loss was likely even larger because the government surveyed employers before the heaviest layoffs hit in the past two weeks. The unemployment rate jumped from a 50-year low of 3.5%.
The construction industry is exempt from Gov. Eric Holcomb’s orders that non-essential businesses close and Hoosiers stay home.
