IndyGo to cut schedule, eliminate fares due to coronavirus
IndyGo says it’s cutting service because ridership has dropped as businesses have shut down or asked employees to work from home.
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NCAA slashes distribution to member schools by $375 million
The organization had been scheduled to distribute $600 million to more than 300 Division I schools from April to June.
Indy 500 moved to Aug. 23; Grand Prix becomes doubleheader with NASCAR race
In addition, the GMR Grand Prix—typically run as part of May’s Indy 500 festivities—will move to July 4 on the IMS road course and be conducted in conjunction with the Brickyard 400.
Downtown Indy launches new Circle light show to express hope during pandemic
Two Indianapolis Symphony Orchestra musicians were enlisted to help produce a light and music show on Monument Circle to offer hope to the local community and countries around the world. The show airs multiple times every night from 9 p.m. until midnight, but officials are encouraging people to watch it online.
Senate approves $2.2T coronavirus bill aimed at slowing economic free fall
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.
Holcomb vetoes controversial landlord-tenant legislation
The governor’s decision to block the bill from becoming law allows tenant protections the city of Indianapolis recently put in place to remain in force.
Top state officials urge residents to take stay-at-home order seriously
Top Indiana officials warned Tuesday that the state’s jump in coronavirus illnesses is likely just the beginning and that obeying a new stay-at-home order is necessary.
Amazon workers test positive for COVID-19 at six U.S. warehouses
The new outbreaks at Amazon’s U.S. facilities come days after the online retail giant announced plans to hire 100,000 new workers to help cope with the flood of orders that have clogged its system.
Musk restaurant group closes Indy locations, won’t reopen one after virus scare
Upscale restaurant Hedge Row and the more casual Next Door both opened in Indianapolis in 2018. Both are part of The Kitchen Restaurant Group founded by Kimbal Musk.
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.
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.
Herb and David Simon make $19M bet on Simon Property’s deflated stock
Since the start of 2020, Simon shares have lost 67.7% of their value—chopping $31 billion off the company’s market capitalization.
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.