Economy Blog Posts

Are these incentives a good deal?

January 31, 2008
Comments(3)
Gov. Mitch Daniels dished out $6.3 million in incentives as part of Defender Directâ??s expansion announcement yesterday. But was the carrot a good deal for us taxpayers? Defender Direct, which sells home security and satellite dish systems, plans to add 1,100...
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Blame Daniels for the economy?

January 23, 2008
Comments(6)
At this point four years ago, now-Gov. Mitch Daniels had started outlining a platform based on revitalizing the economy. The economy had been headed south since the â??70s and had taken another beating early in the decade. Voters were only too...
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Has housing hit bottom?

January 17, 2008
Comments(3)
F.C. Tucker Co. put out a release today saying the Indianapolis-area housing market stabilized last year. Somehow, a 9.9-percent decline in sales and 2.1-percent drop in selling price doesnâ??t sound so stable. Tucker President Jim Litten points out that the region still...
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Bud Wolf Chevrolet a goner

January 16, 2008
Comments(11)
The Wolf family has thrown in the towel on its Chevrolet dealership at 5350 N. Keystone Ave. One of the owners, Andy Wolf, says the closing was forced because property tax increases shocked customers into pulling back from spending. Another reason...
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Home team vs. the Internet

January 15, 2008
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Itâ??s been a tough couple of years in Bloomington for Roberts Distributors, the well-known Indianapolis supply house for cameras and other photography equipment. So tough that the Bloomington store is closing. Bruce Pallman, the second generation running Roberts, said the location...
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Does loss damage Colts brand?

January 14, 2008
Comments(2)
Yesterdayâ??s frustrating loss by the Indianapolis Colts to San Diego was hard to take for fans whoâ??d pulled for the team through an otherwise remarkable season. Now Tony Dungy might finally follow through on years of ruminations about putting a bookend...
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Mortgages are getting cheap

January 10, 2008
Comments(3)
Mortgage rates are falling. This week, rates on 30-year mortgages slipped below 6 percent for the first time in more than two years. Are the cheaper rates putting you in a mood to refinance or step up to that house youâ??ve...
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Will oil really hit $200?

January 7, 2008
Comments(2)
Bloomberg carried a story today saying some of the hottest oil investments are options on the New York Mercantile Exchange to buy oil for $200 a barrel. Presumably at least some investors think oil prices are going to double. Weâ??ve already...
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Can state catch up with Indy?

December 21, 2007
Comments(3)
Decades ago, when Indianapolis was an industrial center, the economies of the city and the state tended to march in unison. When manufacturing cut back, pretty much everyone felt it. But the Indianapolis area and the state have been growing apart...
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Count 'em: two IPOs

December 17, 2007
Comment(1)
Itâ??s been awhile since the Indianapolis area has had two initial public offerings in the works at the same time, but thatâ??s exactly what we have. And theyâ??re software firms to boot â?? businesses Indianapolis and other Midwestern cities have...
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Revving for another Super Bowl bid

December 7, 2007
Comments(3)
After weeks of talking, Mayor-elect Greg Ballard and the Indiana Convention & Visitors Association have decided to shoot to host the 2012 Super Bowl. It wasnâ??t so long ago â?? in May â?? that the NFL owners voted 17-15 to give...
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White as IPS savior

December 3, 2007
Comments(11)
You hear it over and over. Lots of young families would live downtown, or in the surrounding neighborhoods, if Indianapolis Public Schools didnâ??t have a poor reputation. Rather than risk their childrenâ??s education, they bolt for township schools or even...
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Should Formula One come back?

November 30, 2007
Comments(23)
When Indianapolis Motor Speedway and Formula One parted ways this summer, more than one person in Indianapolis muttered, â??Good riddance.â?? F1â??s leader, Bernie Ecclestone, was viewed as arrogant, pushy and greedy. Just the same, the city likes the prestige of hosting...
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'Creative class' debunked?

November 28, 2007
Comments(6)
The Wall Street Journal carried an interesting op-ed piece yesterday by a researcher who claimed cities are putting their eggs in the wrong basket by trying to attract young single professionals with a â??brew-latte-and-they-will-come-approach.â?? Joel Kotkin, presidential fellow at Chapman University,...
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Saving Steak n Shake

November 12, 2007
Comments(9)
Lots of Hoosiers have warm-and-fuzzy feelings for Steak n Shake. Wall Street's feelings are an entirely different matter. As the company readies to announce fiscal fourth quarter financial results this Thursday, investors are exasperated. The company has reported eight straight quarters...
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Will ATA leave Indy entirely?

November 9, 2007
Comments(3)
IBJ reporter Chris Oâ??Malley reported last weekend that ATA Airlinesâ?? parent company has quietly moved its headquarters to Peachtree City, Ga. Global Aero Logistics no longer flies out of Indianapolis International Airport, but it has other operations here that employ...
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Will business like Ballard?

November 7, 2007
Comments(16)
Dating at least to the â??60s, when Richard Lugar was mayor of Indianapolis, the cityâ??s comeback has been driven by nationally renowned cooperation between government and business. Business interests came out of the woodwork to support Lugar, and subsequent mayors William...
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My, how Marion has changed

November 5, 2007
Comments(3)
It wasnâ??t so long ago that Marion was the poster child for Rust Belt decline in Indiana. The city, which is just off Interstate 69 between Indianapolis and Fort Wayne, lost a string of manufacturers and then finally the big...
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