Economy Blog Posts

Boone incomes edging Hamilton

April 30, 2008
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Hamilton County is where the wealth is, followed by Boone County, right? Not necessarily, anymore. The average person in Boone County now makes more money than the average person next door in Hamilton County. In an upcoming column in IBJ, Morton Marcus, who...
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The sum of IU and Purdue

April 25, 2008
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It wasnâ??t so long ago that the thought of Indiana and Purdue universitiesâ?? doing anything of consequence together was a nonstarter. Then they began working on economic development together, and later life science projects. But the person who dreamed up Indianaâ??s first...
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The next Fortune 500 companies

April 23, 2008
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Conseco has dropped off the Fortune 500, leaving WellPoint, Lilly, Cummins and NiSource as the only Indiana companies remaining. Several Indiana firms are closing in on the elite list, though. One is Steel Dynamics, the Fort Wayne company that recycles scrap metal....

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Thompson's plan for poor counties

April 10, 2008
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One piece of Jill Long Thompsonâ??s economic development platform calls for the stateâ??s offering greater incentives in counties with lower incomes and other measures of well-being. Under her tier system, the less affluent the county, the greater the incentives available to...
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Where are you from?

April 2, 2008
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The terms we use to describe local geography are changing. â??Central Indianaâ?? is cropping up more often for television stations, Central Indiana Corporate Partnership and other organizations that extend well outside of Indianapolis. The term can sweep in as much as...
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What ails Brown County?

March 25, 2008
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What Hoosier hasnâ??t been to Brown County for the fall colors, to shop in Nashville or tromp on the trails at Brown County State Park? Yet, as IBJ correspondent Jonathan Hiskes reported in this weekendâ??s edition, prosperity is coming harder and...
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Indiana's forgotten corridor

March 21, 2008
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Draw a line from Richmond in east-central Indiana toward the Chicago area, and youâ??ll find some of the most depressed space in the state. The stretch includes the once-mighty manufacturing centers of Anderson, Gas City, Muncie, Kokomo and Logansport. Factories and...
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Valuing the FFA convention

March 19, 2008
Comment(1)
The National FFA put out a release today saying its national convention in Indianapolis in October created a $40 million impact. Lump out suppliers from outside the area, and the local impact amounted to $34.5 million. Global Insight Inc., a respected...
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Ticket to the middle class

March 17, 2008
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Forget outsourcing. A Michigan research group says the larger problem for manufacturing will be finding enough domestic workers to navigate the complexities of modern factory floors. The Center for Automotive Research in Ann Arbor contends in a recent report that while...
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Importing workers to Indianapolis

March 13, 2008
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Hereâ??s something that might surprise you, considering that Indiana is sometimes viewed by people outside the state as insular and unwelcoming to strangers. Indianapolis has a higher percentage of income earners at least age 15 who were born in another state...
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Newcomers to suburban counties

March 13, 2008
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Lots of people are flocking to the eight suburban counties that surround Indianapolis, a new report from the Indianapolis Private Industry Council says. More than 16,000 showed up in 2005 alone, said the report, which tracks the work force. But the council...
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Local IKEAphiles in mourning

March 12, 2008
Comments(11)
So much for IKEA dropping one of its stores in the Indianapolis area anytime soon. A store opening today in a Cincinnati suburb is about as close as Indianapolis is going to see, at least for a while, IBJ Associate...
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Energy and farmland values

March 5, 2008
Comments(3)
You probably arenâ??t begrudging farmers and others for the record farmland prices theyâ??re enjoying. But those prices wouldnâ??t be so high if the ethanol plants popping up across Indiana and elsewhere in the Midwest werenâ??t using so much corn. Now weâ??re...
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Indiana avoids budget shortfall list

March 4, 2008
Comment(1)
A new report by a Washington, D.C., think tank shows 25 states expect budget shortfalls in their 2009 fiscal years. Illinois and Kentucky are on the list issued by the Center on Budget and Policy Priorities, but Indiana isnâ??tâ??at least...
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University foundations and tuition

March 3, 2008
Comments(2)
College and university foundations have been raking in the dollars in the past few years due to big investment returns. Millions of dollars have flowed in. As IBJ reporter Tracy Donhardt wrote in this weekendâ??s paper, critics say more of...
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Oppose Daniels, oppose change?

February 26, 2008
Comments(2)
A new statewide poll shows a high correlation between registered voters who intend to vote for Democratic presidential candidate Barack Obama and incumbent Republican Gov. Mitch Daniels. Obama and Daniels are almost polar opposites philosophically, so what gives? Mostly...
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Business journalists and recession

February 22, 2008
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Forbes Publisher Rich Karlgaard thinks business journalists are stirring up recession talk. In a column this week with a takeout headlined â??Business press incompetence and fear,â?? Karlgaard advises against believing everything one reads. Hereâ??s what he writes: â??Want to know the truth about...
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Contrasting United Way, Wheeler

February 20, 2008
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Businesses and their employees opened pockets last year to enable United Way of Central Indiana to hit a record $39 million in contributions. The not-for-profit attributed the good news to hustle by campaign co-chairmen who offered money from their...
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Do you feel poorer?

February 20, 2008
Comments(5)
Inflation is speeding up and wage growth is slowing down, the U.S. Bureau of Labor Statistics said this morning. Blame rising oil prices for the inflation and the slowing economy for the sluggish wage growth, says the Economic Policy Institute, a...
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Affordable housing...again

February 19, 2008
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Indianapolis is now the most affordable large market in which to buy a house 10 quarters running. Thatâ??s according to an index the National Association of Home Builders and Wells Fargo put out this afternoon. In the past quarter, 46.6 percent...
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Fear grips donors to charity

February 19, 2008
Comments(2)
Wheeler Mission Ministries broke the unsettling news yesterday that it is laying off 13 staff and shifting its ministries for youth and families to another charity in order to minimize an anticipated operating deficit. Why? Donors are worried about...
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Is film tax break a bad idea?

February 15, 2008
Comments(2)
Gov. Mitch Daniels had sharp words for legislators after they finished overriding his veto of tax breaks for the film industry. â??Itâ??s truly an irresponsible decision, and I canâ??t imagine what they were thinking,â?? he fired off in a statement yesterday. Are...
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Kentucky as gambling competitor

February 15, 2008
Comment(1)
The developing story in Kentucky about its new governorâ??s attempt to legalize casinos isnâ??t getting a lot of play in Indianapolis, but the fallout could be huge if he succeeds. Steve Beshear wants a dozen casinos to try to stop gamblers...
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Seeking your take on the markets

February 4, 2008
Comments(0)
You IBJ readers are a wealthy lot. Our latest survey, taken in September of last year, shows that you had a $170,700 median household income and the median value of your investments came to $679,700. Three of four had corporate stocks...
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Adding to the life science corridor

February 1, 2008
Comments(2)
For years, dreamers have envisioned a life sciences crescent stretching from West Lafayette down Interstate 65 to Indianapolis, then along State Road 37 to Bloomington. The thinking was, this corridor would take advantage of Indiana and Purdue universities and IUPUI as...
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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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