Indiana-based banks didn’t cede PPP loans to big rivals
Of the 20 banks issuing the most PPP loans to Indiana borrowers, 11 were headquartered in the state—many of which went to extraordinary lengths to extend as many loans as they could.
Government & Economic Development
Articles
Justice center project hitting minority-contracting targets, but are they too low?
Roughly $162 million has been committed so far to minority-owned businesses helping to build the city’s $575 million criminal justice center complex in the Twin Aire neighborhood.
State revenue comes in $1.4B less than expected for fiscal year 2020
Lower than expected revenues created a budget deficit of nearly $900 million, but the state still managed to end the year in the black by cutting costs in some areas, tapping into reserves and receiving additional federal dollars for Medicaid.
Biden unveils $2 trillion climate plan with energy revamp
The proposal doesn’t include specifics on how the ambitious plan would be paid for. Senior campaign officials said it would require a mix of tax increases on corporations and the wealthy, and deficit spending aimed at stimulating the economy.
Council seeks ‘Black Lives Matter’ message on Indiana Avenue, commission on Black males
The Indianapolis City-County Council on Monday passed a resolution to paint a message on Indiana Avenue condemning racism and inequality. It also proposed the creation of the Indianapolis Commission on African American Males.
Indiana’s neighbor toughens mask mandate, requires businesses to deny service
Michigan Gov. Gretchen Whitmer on Friday said businesses must comply beginning Monday or risk losing their licenses. She pointed to “stalled” progress in suppressing the virus.
Wealthy hospitals get billions in federal bailout funds
Some are asking whether coronavirus aid funds are flowing to the neediest hospitals, or to those that already have deep financial resources, as the money is doled out to thousands of institutions nationwide.
State rental assistance program set to launch Monday
The program is open to Hoosiers in every county except Marion, where a separate rental assistance program also opens Monday.
Lawsuit challenges Indiana limits on voting time extensions
The lawsuit filed in federal court in Indianapolis on behalf of Common Cause Indiana argues that the state law wrongly thwarts voters and political parties from protecting the right to vote.
Search the PPP list: Indiana colleges, not-for-profits, small and big firms receive loans
In Indiana, more than 90% of federal loans topping $150,000 went to companies, according to the Treasury Department data. About 6% of the loans went to not-for-profit organizations.
Locals on hook for State Road 37’s cost overruns in Hamilton County
Officials are estimating the corridor improvements will run $47 million over the project’s original $124 million budget.
I-70 to be testing ground for driverless trucks
It might be many years before fully autonomous vehicles are a common sight on public highways—but transportation officials in Indiana and Ohio are laying the groundwork now for that day.
Businesses, already bruised, pursue virus legal immunity
Businesses and the organizations that represent them fear a wave of coronavirus-related lawsuits as employees return to work and customers return to stores, restaurants and other public places.
Holcomb appoints new Department of Labor commissioner
Gov. Eric Holcomb announced Wednesday morning that Joe Hoage, who has been general counsel for the Indiana Bureau of Motor Vehicles since 2017, will become commissioner of the agency on July 13.
Handheld phone ban, other laws take effect Wednesday in Indiana
New state laws affecting phone use in cars, tobacco fines, teen marriage and gasoline taxes begin this week.
Money still available for PPP loans, but deadline looms
Indiana lenders had secured a total of $9.5 billion in Paycheck Protection Program loans for their borrowers as of Saturday, according to the Small Business Administration.
Governor’s race not top of mind in Black community
Democrat Woody Myers is the state’s first Black gubernatorial nominee from either major political party, but Black community leaders say his campaign is getting lost in the barrage of news about COVID-19 and protests over police brutality and racial inequity.
Black chamber leader calls for more city support
During the coronavirus pandemic—which research shows has disproportionately affected black-owned businesses—the 250-member organization has received no city funding to give loans or grants to its members who were struggling.
Utilities face major pushback over pandemic-relief request
More than 2,300 people have complained by email to the Indiana Utility Consumer Counselor, which is on track to become the largest number of complaints for any single case in at least a decade.
Incumbent AG Hill defends himself during virtual GOP convention
During Thursday night’s state GOP convention, which was shifted to a virtual format due to the pandemic, Attorney General Curtis Hill compared himself to President Donald Trump, saying Trump also has faced false accusations and smears.