Depending on a three-legged stool

June 9, 2008
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Economic development experts have long contended that business investment and good jobs gravitate to places where business, government and higher education are on the ball and get along together.

If one of the three legs doesnâ??t carry its weight, the other two canâ??t compensate enough to make companies thrive, goes the thinking.

Businesses must be aggressive and entrepreneurial. Government must protect society from businesses excesses while still encouraging enterprise. And universities need to push research into the private sector where the ideas can be turned into high-value products or services.

What are you seeing in this state or in the community where you live? Are all three legs carrying their weight? Are any wobbly?
  • Regulatory agencies in Indiana have been successfully captured by corporate interests as readily confirmed, in part, by the abysmal Indiana environmental rankings. Yet the Indiana Chamber and others rate Indiana's business climate as very good.

    The commercial media, educational institutions and local foundations could be part of the solution in better educating our officials and populace, but the will is not there. We will need both environmental quality and a favorable economic climate to remain vital in the years ahead.

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