skip to main content
skip to newscasts

Friday, December 13, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Amazon donating $1 million to Trump inaugural fund, to air event on Prime Video; Retired USAF colonel urges White House to stop gaslight NJ residents over mysterious drones; Support available for MI youths aging out of foster care; NM designates 250 miles as Outstanding National Resource Waters; One size fits all? Not so, says OSHA for construction protection gear.

view newscast page
play newscast audioPlay

Biden carries out the largest ever single-day act of clemency, voting rights advocates raise alarm over Trump's pick to lead Justice Department's Civil Rights Division, and election denier Kari Lake is tapped to lead Voice of America.

view newscast page
play newscast audioPlay

Conservative voters surprised pundits by casting election votes for Trump but also against school vouchers, Pennsylvania's Black mayors work to unite their communities, and America's mental health providers try new techniques.

Ball State economist: IN lags as income, education levels decline

play audio
Play

Wednesday, October 16, 2024   

Despite Indiana's recent high-profile business deals, the state's economic fundamentals are lagging, with declining income and education levels posing significant challenges.

Experts argue deeper investments in education and infrastructure are needed for sustainable growth.

Michael Hicks, director of the Center for Business and Economic Research at Ball State University, noted some troubling figures.

"The share of adults with a college degree relative to the country having slipped," Hicks noted. "We see our per capita income relative to the country has slipped substantially, two percentage points, which is sort of a shocking three-decade change in two decades."

Although state officials pointed to low unemployment and rising capital investments as proof of success, Hicks contended without a focus on education and infrastructure, Indiana's long-term economic outlook remains uncertain.

State officials highlighted new projects such as a $3.2 million investment in Kokomo by Stellantis and Samsung SD designed to expand electric vehicle battery manufacturing operations in Indiana as signs of progress. However, Hicks warned the announcements do not address deeper economic issues.

"The numbers they're sharing are just measurements that they have working through IEDC (the Indiana Economic Development Corporation)," Hicks observed. "It has nothing to do with the actual amount of capital that's flowing into the state. That's lower than it has been in most years. So, there's nothing fabulous happening now that is anything other than a press release."

Hicks believes Indiana should prioritize education, environmental policies and regulatory improvements to create sustainable growth.


get more stories like this via email

more stories
After some initial permit roadblocks, Summit Carbon Solutions has been gaining approval in Midwestern states for a large-scale carbon capture project involving ethanol plants. (Adobe Stock)

Environment

play sound

A massive carbon capture project proposed for the Midwest has another permit under its belt after Minnesota regulators gave their approval Thursday…


Social Issues

play sound

The Environmental Protection Agency this week banned a toxic chemical commonly used in dry cleaning and other consumer products. Trichloroethylene …

Social Issues

play sound

A new study provides New York State with an outline of necessary updates to its school funding formula. The Rockefeller Institute study called for …


Virginia is one of the top 10 states in the nation for Christmas tree production. (jannoon028/Freepik)

Social Issues

play sound

As families across the country prepare to celebrate the holiday season, the joy of decorating a Christmas tree is a time-honored tradition. But the …

Social Issues

play sound

Rising grocery prices and the end of pandemic-era benefits have left many Virginia families struggling to make ends meet. A recent poll from No Kid …

Social Issues

play sound

Lawmakers in Annapolis plan to introduce a bill to require a special election if a lawmaker is appointed to a seat in the first half of their term…

Social Issues

play sound

A new report from the Michigan League for Public Policy reveals that eviction injustice is locking many Michigan families out of safe, stable housing…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021