Another view of Indiana manufacturing

September 29, 2009
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Indiana isn’t the only state writhing with angst over the future of manufacturing. California is, too, and one of its top think tanks, the Milken Institute, cranked out a study recently documenting the decline of the industry there.

The study also frames a competitor state, Indiana, in a somewhat positive light.

California, heavily concentrated in high-tech manufacturing, risks chasing away jobs through regulatory hassles and burdensome taxes, the study warns. California still excels in dreaming up new things to make, most recently in biotechnology, but other states increasingly reap the benefits.

To some extent, California and Indiana are so different that direct comparisons are difficult to make. Indiana’s core strength is making metal and turning it into things. Our top exports are gearboxes and engines.

However, the study found Indiana picking up more drug and medical equipment manufacturing. Indiana also shows serious economic development vigor through a diverse, strategic set of incentives to attract manufacturers. And Indiana’s economic development Web site is the best among the eight states studied.

A yellow flag for Indiana was a slowing in capital investment. These figures came from 2000-2007, but it’s never a good sign when companies allocate resources elsewhere.

As much as Indiana continues to diversify, manufacturing still sustains a lot of towns—not to mention professional firms in Indianapolis office buildings. Take away manufacturing and more than one accounting and law firm would fold.

What are your thoughts about the findings?

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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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