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IBJ Podcast: How can companies survive the economic calamity of COVID-19?

March 23, 2020

“It’s your job to survive and to make sure that when these social controls are lifted and everybody starts to come back out that you’re ready for business,” IU’s Phil Powell, an economist at the Kelley School of Business, tells host Mason King.

FAQ: What does the stay-at-home order mean for Hoosiers?

March 23, 2020 | Lindsey Erdody

Gov. Eric Holcomb is telling Hoosiers to “hunker down” and stay at home for the next two weeks, except for what’s deemed “essential” business and activity. The order raises a bunch of questions about how it will work and what’s allowed. Here are some answers to those questions.

Two biggest hotels in Indianapolis suspend operations

March 23, 2020 | Mickey Shuey

The 1,005-room JW Marriott Indianapolis and 650-room Indianapolis Marriott Downtown closed Monday after they stopped taking reservations late Sunday.

JM Marriott

Hoosier unemployment apps skyrocket to 54,000 in one week

March 23, 2020 | IBJ Staff

The numbers are skyrocketing as businesses close as part of efforts to stop the spread of the coronavirus.

UPDATE: Tokyo Olympics officially postponed until 2021 because of pandemic

March 24, 2020 | The Washington Post and Associated Press

The International Olympic Committee said the games will be held “not later than summer 2021” but they will still be called the 2020 Tokyo Olympics.

Senate approves $2.2T coronavirus bill aimed at slowing economic free fall

March 26, 2020 | The Washington Post

The bill would extend $1,200 to most American adults and $500 for most children, create a $500 billion lending program for businesses, cities and states, and a $367 billion employee retention fund for small businesses.

U.S. Capital

A look at what’s in the $2.2T rescue package approved by Senate

March 26, 2020 | Associated Press

Here are major highlights of the package to rush aid to businesses, workers and a health care system slammed by the coronavirus pandemic.

U.S. jobless claims hit 3.3 million, quadruple previous record

March 26, 2020 | Associated Press and IBJ Staff

In Indiana, initial claims filed for the week ended March 21 rose to a whopping 61,635, up from 2,596 claims the previous week.

INDY BEACONS: Alexander Ralston, creator of city’s original street grid

March 26, 2020

Ralston, whose name graces a downtown restaurant and a boutique hotel, was also involved in laying out Washington, D.C.

New Indy 500 date could come just when tourism industry needs it most

March 27, 2020 | Mickey Shuey

The race—rescheduled for Aug. 23—is on an otherwise open weekend in the city’s summer event calendar, which could fill hotel rooms at a time they would otherwise have been empty.

VIEWPOINT: The economic solution to the coronavirus pandemic

March 27, 2020 | Robert F. Herzog

With most Americans stuck at home working and taking care of their children, payments directly to them will mean rent and mortgages can be paid and groceries can be purchased during this economic crisis.

Restrictions put social-service not-for-profits to the test

March 27, 2020 | Lindsey Erdody

A big challenge has been that some fundamental assistance—like providing food to low-income or aging individuals and families—doesn’t easily transition to a work-from-home model.

Banks say they’ll give commercial borrowers extra time

March 27, 2020 | Susan Orr

But the bankers also say it’s unclear how the pandemic might affect commercial customers—and the banks themselves—in the longer term.

Instacart workers seek strike as jobs get busier, riskier

March 29, 2020 | Associated Press

A group called the Gig Workers Collective is calling for a nationwide walk-out Monday. They’ve been asking Instacart to provide workers with hazard pay and protective gear, among other demands.

Visit Indy to cut employee hours amid forced events lull

March 30, 2020 | Mickey Shuey

The tourism bureau’s 62 employees will see their work weeks cut to four days through at least April.

IBJ Podcast: Sahm’s—one restaurant company’s story about the impact of coronavirus

March 30, 2020

Sahm’s Restaurant Group has retooled its operations to benefit the not-for-profit Second Helpings and to create a series of marketplaces, where customers can get takeout meals as well as grocery items.

UPDATE: State working to double ICU beds, ventilators, as 5,300 health care workers volunteer

March 30, 2020 | John Russell and IBJ Staff

The state said more than 5,300 health care workers who are not currently working in hospital settings have volunteered to help during the projected coronavirus surge, which is expected to begin in mid April.

Some Instacart, Amazon workers strike as jobs get riskier

March 30, 2020

The one-day strikes had little impact on consumers, but the unrest called attention to mounting discontent among low-wage workers who are on the front lines of the pandemic.

U.S. unemployment claims hit record 6.6M as layoffs accelerate during pandemic

April 2, 2020 | Associated Press

The figure for last week is much higher than the previous record of 3.3 million reported for the previous week.

City’s contemporary art organization ceasing operations after 19 years

April 2, 2020 | IBJ Staff

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.”

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