Two biggest hotels in Indianapolis suspend operations
The 1,005-room JW Marriott Indianapolis and 650-room Indianapolis Marriott Downtown closed Monday after they stopped taking reservations late Sunday.
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FAQ: What does the stay-at-home order mean for Hoosiers?
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.
Indianapolis airport says it’s confident in financial situation amid industry calls for relief
Indianapolis International Airport’s budget is bound to take a hit from a major decrease in passengers during the COVID-19 pandemic, but airport officials say they have made preparations for economic disruption.
IBJ Podcast: How can companies survive the economic calamity of COVID-19?
“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.
Congressional rescue talks churn as crisis deepens
Top-level negotiations between Congress and the White House churned into the night Sunday over a now nearly $2 trillion economic rescue package. The draft aid bill was declared insufficient by Democrats, who argued it was tilted toward corporations.
Lilly to launch drive-thru COVID-19 testing for health care workers
The drugmaker did not say whether it might broaden the testing in the future to include non-health care workers.
Low-wage workers have least cushion during coronavirus crisis
Many of those workers already live paycheck to paycheck—and a disruption in the flow of those checks could set off long-term financial problems. Foreclosures, evictions, bankruptcies, repossessions and more.
Social distancing shifts many small businesses into survival mode
Concerns about the spread of COVID-19 have put in peril thousands of businesses, from restaurants and hotels to airlines and manufacturers of consumer goods.
Indianapolis-area homebuilders see huge surge in applications
Applications for home construction permits soared 34% in the Indianapolis area in February. The flurry of new applications came before the first cases of COVID-19 hit Indiana.
Goodwill closing 80 thrift stores in central, southern Indiana during pandemic
The not-for-profit, which has more than 4,000 employees, encouraged people to continue making drive-up donations at the stores during limited hours.
NCAA had been pondering for years the unthinkable of canceling March Madness
Early this century, the NCAA enlisted the accounting firm Deloitte to conduct a risk assessment, one that looked at the seemingly preposterous notion that the NCAA men’s basketball tournament—one of the most lucrative events in sports—would be canceled.
Senate Republicans release massive economic stimulus bill for coronavirus response
The centerpiece of the Senate GOP plan would be hundreds of billions of dollars sent to Americans in the form of checks as a way to flood the country with money in an effort to blunt the dramatic pullback of spending.
Hotel developments, including Pan Am Plaza, likely to see big delays
Several developments in recent days have been thrust into holding patterns, as banks and financial institutions have stopped approving new construction loans for hotels and other projects amid the economic plunge from COVID-19.
Holcomb signs bills related to health care, distracted driving
Indiana Gov. Eric Holcomb signed 84 bills on Wednesday, but has not made decisions yet on several pieces of controversial legislation.
City’s biggest hotels consider closures as industry lobbies for tax relief to ease outbreak impact
The owners of the city’s two largest hotels are considering closing them amid drastic decreases in business caused by the COVID-19 outbreak.
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.
Ikea temporarily shutting down all U.S. stores
The international retailer opened its Fishers store in October 2017.
Panic buying leaves retailers scrambling to restock
Grocers big and small are hiring more workers, paying overtime and limiting purchases on certain high demand items as they scramble to restock shelves that have been wiped out in response to the global viral pandemic.
Wide swath of economy seeks share of COVID-19 rescue package
As Congress works on a rescue package to help shore up a U.S. economy hard hit by the pandemic, businesses from the solar power industry to casinos and hotels, along with doctors, nurses and educators are urging lawmakers to give them a share of the pie.
Wide disparity in coronavirus responses found across nation
In some places, governors, mayors and county leaders have instituted aggressive action that is changing the fabric of life. In other spots, authorities have been far more lax, allowing routines to carry on more or less as normal.