Daniels and entrepreneurship

November 16, 2009
Back to TopCommentsE-mailPrintBookmark and Share

A century ago, Indiana was one of the more entrepreneurial places in the nation. Automotive pioneers started companies, filed patents and built cars. Eli Lilly got a drug company underway. Diamond Chain helped the Wright brothers take to the air.

Much of that momentum was lost during the Depression, as the automotive industry and other durable goods makers consolidated in headquarters outside the state, and Hoosiers settled for accepting paychecks from elsewhere.

As a result, jobs associated with the newest products and ideas—and the higher salaries that accompany innovation—increasingly went elsewhere. Income growth now has been falling behind the nation for decades.

Gov. Mitch Daniels came into office in 2005 pledging to fix the income problem. Much of his attention has been focused on attracting jobs through factory expansions or new warehouses and call centers.

On the entrepreneurship front, he among other things has channeled a corner of state pension funds into startup funding; he named today as the state’s first Entrepreneurship Day.

Several questions about Daniels’ role in entrepreneurship:

--What has been his influence, or lack thereof, on entrepreneurship? Do you see more entrepreneurs pursuing ideas as a result of his work in office? Have those enterprises been successful?

--To what extent should private enterprise rely on a politician to encourage innovation? So long as government doesn’t get in the way of entrepreneurship, should business be expected to innovate and create value regardless of who is in office?

--Has Daniels emphasized job attraction at the expense of home-grown entrepreneurship? Or has the emphasis on attraction been wise, considering so many Hoosiers have suffered underemployment as a result of factory closings?

--Would Daniels have taken a different approach to economic development had he at one point in his career launched a successful company rather than having worked in the executive offices of Eli Lilly and Co.?

Your thoughts?
 

ADVERTISEMENT
  • What could we have lost without him
    A politician is judged by his accomplishments what positive and negative events occured during his or her tenure. It is possible to track which companies left and which set up shop.

    Honda's announcement it is coming to Indiana is one example that is a traditional manufacutring victory, but how many suppliers, restaurants gas stations etc will be created by entrepreneurs now in the position to invest in an opportunity to make money off of Honda's coat tails?

    Also you can't really measure who didn't leave but look at the trends what did we have that Califonia, Michigan and Ohio didn't? Mitch.

    We can have a debate back and forth as to whether Indiana thrived or not under Mitch's watch. But I think we can all agree that while Andersons and Elkharts are struggling the rest of the state is not.

    California, Ohio and Michigan turned into Macro Andersons and Indiana kept its head above water.

Post a comment to this blog

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

ADVERTISEMENT