Two Michaels (or Mikes in the less formal approach) combine to offer an interesting and refreshing take on our current economic status. Michael Snyder, principal of The MEK Group (a business development consulting firm), also writes a weekly column for MidwestBusiness.com. Michael Hicks, the director of Ball State’s Center for Business & Economic Research, is a leading state economist.
In an interview with Snyder, Hicks presents an uplifting — but still realistic — view of the downturn and the prospects for when the turnaround will occur. Some economic indicators are starting to turn, Hicks says, and an official end to the recession may be closer than what many think. The practical recovery, unfortunately, takes a while longer.
Hicks also offers that the competitive advantage Indiana has built up in recent years will pay strong dividends in the revival phase. Some former Hoosiers with that entrepreneurial spirit might well find it a good time to come back home.
Read the full story. And thanks to both Mikes for their continuing efforts.
If you weren’t paying attention to John Lechleiter’s Economic Club of Indiana speech on Wednesday about the future of Eli Lilly and Company, you appear to have been one of the few.
More than 800 people attended the season-opening event at the Indiana Convention Center. Media coverage was far and wide, especially when it was anticipated that Lechleiter would deliver a hard-hitting commentary on the company’s future direction. He delivered.
Industry innovation, the company’s staggering stock price and the negative pharmaceutical image are the "800-pound gorillas" awaiting action. Lilly, like it has during its long history, has a plan and is implementing it. Will it mean fewer jobs in the future? Likely. Will the company remain a local, state, national and international powerhouse? We hope so.
Michael Snyder, principal of The MEK Group, writes an informative weekly column for MidwestBusiness.com. Check out his summary for a good review of what Lechleiter had to say.
Next up for the Economic Club: William Kristol on October 27, eight days before the election. Sounds like another great one.