Indiana's shape is relative

January 21, 2010
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Indiana is in pretty good financial shape, right? That’s the conclusion you’d draw if your sole source were Gov. Mitch Daniels’ State of the State address this week.

The conclusion would be on target—if the universe of states were the Rust Belt along with California, New York and several other haggard places. Compared to Illinois, Ohio and Wisconsin, which are mired deeply in debt, Indiana looks positively pristine.

But Indiana isn’t without problems. A package of stories posted yesterday by Forbes is worth a look. The magazine places Indiana 15th in an analysis of debt load and ability to pay the obligations.

On a related note, an index of leading economic indicators compiled by the Indiana Business Research Center within Indiana University’s Kelley School of Business staged another uptick in December. The index climbed only 0.2 percent, but at least it was an improvement. The index has been on a slow upward trend since March last year. The release and a chart are here.

How do you feel about a No. 15 rank? Other thoughts?

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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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