Director of Ball State University’s Center for Business and Economic Research Mike Hicks said that Indiana is bouncing back from the recession faster and stronger than anticipated. He said his research finds that growth of Indiana’s economy has been more uniform recently, citing decreasing unemployment numbers and increasing activity in the manufacturing sector.
Hicks attributed Indiana’s economic success to its lack of unstructured debt, good standing in the global marketplace, and the fact that manufacturing here is up — all strengths which tend to attract new businesses.
“Indiana scores well on every metric of exporting, however long we stay in the top ten of exporters, or how many continents we export to, or the mix of products we export. All of these things really do very well when the value of the dollar is down,” Hicks said.
Hicks said the state’s location and resources are assets as well: Indiana continues to be a state that’s well-located in terms of transportation infrastructure, and a steady workforce is highly available.