Local high-end restaurants adapting to in-house dining restrictions
Some are switching their menus to carryout-friendly fare and redeploying servers as delivery drivers.
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City’s biggest hotels consider closures as industry lobbies for tax relief to ease outbreak impact
| 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
| 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
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
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
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
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
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
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
| 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
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
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
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
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
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.
Treasury proposal: Deliver $500B to Americans starting April 6
The Treasury Department wants to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic threatens a body slam to taxpayers and businesses.
State teachers getting paid during closures; other school employees face uncertainty
It’s up to each district to decide whether to pay hourly workers—including bus drivers, custodians, food service employees and paraprofessionals—who are typically paid only for days when students are present.
A cruel paradox: Beating virus means causing U.S. recession
The vast changes deemed necessary to defeat the virus—people and companies no longer engaging with each other—are bringing everyday business to a halt and likely delivering a death blow to the longest economic expansion on record.
Honda shutting down plants for a week due to coronavirus
The closures involve six plants in the United States, Canada, and Mexico, including the company’s Indiana plant in Greensburg.
Calls to Carmel-based travel insurer quadruple with coronavirus concerns
Seven Corners, a global travel insurance company, is hiring and redeploying staff in the midst of the pandemic.