Banks expect deluge of desperate businesses seeking loans
Millions of small businesses are expected to apply for a desperately needed rescue loan Friday, a stern test for a banking industry that has had less than a week to prepare.
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Hotel Tango proceeding with expansion into Zionsville while helping fight coronavirus
Even as Hotel Tango puts its employees to work making hand sanitizer, the company is advancing its plans to open a restaurant and tavern in Zionsville this summer.
City’s contemporary art museum ceasing operations after 19 years
Indianapolis Contemporary—known as the Indianapolis Museum of Contemporary Art up until 11 months ago—announced Thursday that it was calling it quits after an internal review “determined it was not economically feasible to continue operations.”
THE LATEST: Spring sports canceled; Holcomb could extend stay-home order; nursing home residents, prison inmates diagnosed; Simon identifies cuts
Get the latest news on the coronavirus and COVID-19 in this ongoing series of updates available outside IBJ’s paywall.
Academy to develop, elevate leaders of color in education
The Surge Academy, designed by the Chicago-based not-for-profit Surge Institute, got its start in Kansas City last year. Its entry into Indianapolis is being made possible through a partnership with The Mind Trust.
Residents at 29 nursing homes, state prison inmates infected with COVID-19
Both types of locations are considered serious in a pandemic, because the virus can spread quickly in confined spaces. In addition, elderly people in nursing homes or prisons with underlying medical conditions are considered especially vulnerable if they are infected.
IRS to start sending rescue checks April 9; some won’t get them until September
About eight in 10 taxpayers who have signed up for direct deposit payments for their past tax refunds are expected to receive the money within two weeks. Others could be waiting months.
Indiana workforce office hiring more workers to deal with flood of jobless claims
Indiana Department of Workforce Development Commissioner Fred Payne said Thursday that 146,243 initial unemployment claims were filed last week as the coronavirus pandemic continued to sideline employers.
UPDATE: Indiana shuts down schools for the rest of academic year
Schools had previously been closed through May 1 because of the coronavirus pandemic.
EDITORIAL: Having Lilly Endowment on our side is powerful weapon in virus war
The Lilly Endowment has long shown a deep commitment to this city and state, but rarely has it been on display in such a resounding way as during the COVID-19 crisis.
MARK MONTIETH: Rose exit followed Purdue’s 1980 Final Four run
Coaches don’t usually leave for a smaller program after a big tournament run, but this divorce made sense.
Stocks rise as a bounce in oil prices lifts energy sector
Oil surged more than 30% immediately after President Donald Trump said he expects Saudi Arabia and Russia to back away from their price war.
NATE FELTMAN: Finding rays of light amid virus storm
The crisis helps us focus on the most important things in our lives: family, community and gratitude.
Lebanon-based disinfectant light manufacturer adjusting to surge in demand
The Lebanon-based company engineers, fabricates and manufactures ultraviolet lights that penetrate and destroy bacteria, viruses and other harmful microbes. The company, along with others in its field, are seeing record demand.
Retail landlords weigh tenant-relief requests
Local landlords say they’re willing to offer relief to some of their retail tenants who’ve been hit hard by coronavirus-related closures—but the amount of relief, if any, varies depending on circumstances.
Coronavirus cases jump to 3,039 in state, 1,304 in Marion County
The Indiana State Department reported Thursday that 16,285 people have been tested so far, up from 14,375 in Wednesday’s report.
U.S. unemployment claims hit record 6.6M as layoffs accelerate during pandemic
The figure for last week is much higher than the previous record of 3.3 million reported for the previous week.
North suburbs partnering with private laboratory for weekly COVID-19 tests
First responders in Carmel, Noblesville, Zionsville, Whitestown and other municipalities will be tested weekly by Aria Diagnostics.
Protective gear in national stockpile nearly depleted, DHS officials say
The government’s emergency stockpile of respirator masks, gloves and other supplies is almost exhausted, leaving the Trump administration and states to compete for equipment in a marketplace rife with price-gouging, according to Homeland Security officials.