Flow of venture capital for Indiana tech firms slows dramatically
The drop in capital investments in the first quarter likely is an indication of investor caution in the face of the coronavirus crisis.
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Asbury Automotive furloughs 215 employees at local car dealerships
Asbury, which has eight Indianapolis-area dealerships, said it’s furloughing 2,300 employees across its 10-state operating footprint due to a sharp drop-off in sales and service revenue.
Sanders to drop 2020 bid, leaving Biden as likely nominee
Sanders planned to talk to his supporters later Wednesday.
New $2.6M fund to aid schools shifting to long-term e-learning
The fund will support the immediate needs of schools and students with limited access to technology and long-term e-learning solutions, including the launch of an e-learning lab that will be open to all schools statewide.
Former Purdue President Steven Beering dies at 87
Under Beering’s 18-year-tenure, Purdue University grew its liberal arts programs, promoted diversity and added 20 major buildings. Enrollment of international students grew threefold to become the largest at any public university.
500 Festival reschedules events to coincide with new Indy 500 date
As Indy 500 officials motor ahead with plans to stage the race on Aug. 23, the organizers of many of the accompanying events—including the IPL 500 Festival Parade—have solidified new dates as well.
COVID-19 deaths in Indiana rise to 203 as cases swell to nearly 6,000
The Indiana State Department of Health on Wednesday morning said the number of presumptive positive cases for COVID-19 in the state has risen to 5,943 after the emergence of 436 more cases.
CDC weighs loosening guidelines for some exposed to virus
The Centers for Disease Control and Prevention is considering changing its guidelines for self-isolation to make it easier for those who have been exposed to someone with the coronavirus to return to work if they are asymptomatic.
Italy’s reopening serves as test for Europe’s virus exit
Prime Minister Giuseppe Conte’s government is hammering out an approach that foresees the full return to normal life taking months, according to people directly involved in the talks.
Liz Biro leaves Indianapolis Star after six years on restaurant beat
In a column, Biro said her final day at the Star was Friday, and she left her job so she could move “back closer” to “her East Coast family.”
COVID-19 infecting, killing black Americans at alarmingly high rate, analysis shows
A Washington Post analysis shows that counties that are majority-black have three times the number of infections and almost six times the number of deaths as counties where white residents are in the majority.
Computer issues at SBA hold up small business rescue loans
An SBA spokeswoman said Tuesday afternoon that there have been more than 275,000 applications received for loans valued at $75 billion since the program launched.
Wall Street rally fizzles as oil prices suddenly plunge
The Dow Jones industrial average closed the day with a 26-point loss after losing an earlier gain of 937 points.
INDOT awards $126.6M in local road funding grants, as construction season starts early
With the ongoing spread of COVID-19 in Indiana, many regular aspects of life have come to a halt, but one normalcy is continuing: road construction.
Indianapolis Symphony Orchestra puts musicians on unpaid furlough, lays off half of staff
The Indianapolis Symphony Orchestra said it has applied for financial relief through the federal Paycheck Protection Program and advised employees to seek unemployment benefits.
Local banks processing relief loans slowed by glitches with federal SBA site
Banks say they’re seeing overwhelming demand for Paycheck Protection Program coronavirus relief loans, and the Small Business Administration’s website is getting bogged down when they attempt to submit loan applications.
Treasury preparing to seek $200B-plus to replenish small biz coronavirus program
The pending request is being designed to backstop a $349 billion small business loan program that was created as part of the $2 trillion coronavirus rescue bill enacted late last month.
Indiana Repertory Theatre sues insurer over rejected claim tied to virus crisis
IRT, the state’s largest not-for-profit professional theater, says its insurer refused to cover a “business interruption” claim tied to the coronavirus crisis.
COVID-19 community relief fund awards additional $4.55M in grants
Combined with a first round of grants made March 24, the Central Indiana COVID-19 Community Economic Relief Fund has distributed more than $11.8 million to 74 organizations in central Indiana to date.
City reaches tentative deal with developer on Broad Ripple Park community, health center
The Indy Parks and Recreation Department would share space in the $20 million center with Community Health Network. But a new wrinkle potentially stands in the way of the project.