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Lost convention business exceeds $535M, leading to further budget challenges

October 9, 2020 | Mickey Shuey

Overall, 340 groups, representing nearly 965,000 attendees, outright canceled their Indianapolis events this year because of the pandemic. The loss of business is taking a toll on the Capital Improvement Board’s revenue streams.

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Airline industry fights for financial relief in one form or another

October 7, 2020 | The Washington Post

Aviation leaders had hoped to be included in a broader pandemic relief package, but once it became clear that the White House was done negotiating, industry leaders quickly shifted focus to a stand-alone bill.

UPDATE: Trump halts COVID-19 relief talks until after election

October 6, 2020 | Associated Press

Hours later, President Trump appeared to edge back a bit from his call to end negotiations. He took to Twitter again and called on Congress to send him a “Stand Alone Bill for Stimulus Checks ($1,200).”

Long-term jobless caught in squeeze that imperils recovery

October 5, 2020 | Associated Press

More than one-third of workers who have been laid off or furloughed regard their job loss as permanent, according to a survey by Morning Consult. That’s up from just 15% in April.

Congress taking another run at airline bailout

October 2, 2020

House Democrats on Friday proposed a new $28.8 billion bailout for the airline industry after the carriers began furloughs of more than 32,000 workers to cut costs during a pandemic that has devastated air travel.

Newly unemployed face loss of health coverage at worst time

October 2, 2020 | John Russell

More than 10 million Americans will lose their employer-sponsored health insurance this year as a result of a pandemic-related job loss in their household.

Virus shifts focus for Westfield developer EdgeRock

October 2, 2020 | Kurt Christian

The company is slowing its rollout of ambitious commercial projects while turning to residential development as a way to support those signature endeavors.

EDITORIAL: Indiana Sports Corp. offers bold plan to create college basketball bubble

October 2, 2020

It would be good for downtown, good for the hospitality industry and certainly good for our collective psyche.

Manufacturing on rebound, but not for all companies

October 2, 2020 | Susan Orr

While the pandemic has devastated Indiana’s tourism and hospitality industries, the picture is decidedly mixed for manufacturing—which constitutes more than a quarter of the state’s gross domestic product.

U.S. hiring slows for 3rd straight month, but jobless rate falls to 7.9%

October 2, 2020 | Associated Press

The September jobs report coincides with other data that suggests that while the economic picture may be improving, the gains have slowed since summer.

Trump awaits test results after close aide Hope Hicks tests positive for COVID-19

October 1, 2020 | The Washington Post and Associated Press

Hicks, a close adviser to President Donald Trump, traveled with him several times this week aboard Air Force One. Trump said he and first lady Melania Trump were tested after they learned about Hicks and were awaiting the results.

Consumer spending growth slowed to 1% in August

October 1, 2020

Economists fear that without further government support, consumer spending will slow significantly in the final three months of this year.

New art and design shop to serve in-person, online customers

October 1, 2020 | Susan Orr

Up to now, the business has primarily served architects and designers in bigger markets. Also this week: Lou Malnati’s, Dave & Busters, Godiva Chocolatier, Nesso, Jiffy Lube.

Wedding photographer takes plunge with new event venue for nuptials in Whitestown

September 30, 2020 | Kurt Christian

The Sixpence will feature an existing farmhouse and garage as lodging and hospitality spaces for brides and grooms, as well as a custom-built barn for ceremonies.

Report: Trump avoided paying income taxes for years as businesses lost money

September 27, 2020 | The Washington Post

President Donald Trump called the story by the New York Times “fake news.” His attorney said Trump has paid “tens of millions of dollars in personal taxes to the federal government” over the past decade.

Despite virus, city bids to host dozens of sports events

September 25, 2020 | Mickey Shuey

Local officials are betting big on Indianapolis’ continued success as a sports city by submitting two dozen bids for championship-level events slated through 2030.

Downtown Indy CEO leading fight for downtown’s recovery

September 25, 2020 | Susan Orr

Sherry Seiwert spoke with IBJ recently about what her organization is doing to help the city bounce back.

NATE FELTMAN: The alarm is ringing for Indy’s next leaders

September 25, 2020 | Nate Feltman

Crisis often can lead to positive change. We have a responsibility to act and act now.

KIM: COVID ‘K train’ further splits haves, have-nots

September 25, 2020 | Mickey Kim

The letter “K” is a vertical line with two 45-degree lines slanting from the middle, one upward and one downward, and unfortunately it best describes the paths of the economy and stock market.

Initial unemployment claims tick up nationally, dip in Indiana

September 24, 2020 | Associated Press and IBJ Staff

Thursday’s labor report coincides with evidence that some newly laid-off Americans are facing delays in receiving unemployment benefits as state agencies intensify efforts to combat fraudulent applications

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