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Tuesday, December 3, 2024

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Elon Musk's $50 billion Tesla pay can't be reinstated; AZ utility regulators could vote to change rule making; Report: lax oversight of OR gun dealers fuels shootings, homicides; TX business leaders form new alliance; FL's native youth: Overlooked voices call for change, inclusion.

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President-elect Trump's pick to lead the FBI says he'll eradicate the "deep state," Democrats say President Biden's pardon of his son could haunt them, and new allegations surface regarding the man Trump has tapped to lead the Pentagon.

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Residents in Colorado's rural communities face challenges to recycling, climate change and Oregon's megadrought are worrying firefighters, and a farm advocacy group says corporate greed is behind high food prices in Montana.

Ball State economist: IN lags as income, education levels decline

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Wednesday, October 16, 2024   

Despite Indiana's recent high-profile business deals, the state's economic fundamentals are lagging, with declining income and education levels posing significant challenges.

Experts argue deeper investments in education and infrastructure are needed for sustainable growth.

Michael Hicks, director of the Center for Business and Economic Research at Ball State University, noted some troubling figures.

"The share of adults with a college degree relative to the country having slipped," Hicks noted. "We see our per capita income relative to the country has slipped substantially, two percentage points, which is sort of a shocking three-decade change in two decades."

Although state officials pointed to low unemployment and rising capital investments as proof of success, Hicks contended without a focus on education and infrastructure, Indiana's long-term economic outlook remains uncertain.

State officials highlighted new projects such as a $3.2 million investment in Kokomo by Stellantis and Samsung SD designed to expand electric vehicle battery manufacturing operations in Indiana as signs of progress. However, Hicks warned the announcements do not address deeper economic issues.

"The numbers they're sharing are just measurements that they have working through IEDC (the Indiana Economic Development Corporation)," Hicks observed. "It has nothing to do with the actual amount of capital that's flowing into the state. That's lower than it has been in most years. So, there's nothing fabulous happening now that is anything other than a press release."

Hicks believes Indiana should prioritize education, environmental policies and regulatory improvements to create sustainable growth.


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