Miller College of Business
November 22, 2013
A Ball State University economist says employment-based tax credits are more effective than tax abatement in attracting jobs to Indiana. Center for Business and Economic Research Director Mike Hicks says between 2005 and 2010, state EDGE credits created one manufacturing job per $1,000, while local abatements resulted in one manufacturing job per $30,000 in tax dollars lost. Hicks expands on the research in an interview to air this weekend on Inside INdiana Business Television, including member affiliate WTHR-13.
November 22, 2013
While the city had a larger percentage gain, Fort Wayne continues to lag significantly behind the national average annual income, which is more than $45,000. There’s still reason to stand up and cheer, said Michael Hicks, a professor of economics at Ball State University and director of the school’s Center for Business and Economic Research. He attributes the higher income percentage to companies paying employees more and an influx of workers into the job market.
November 2, 2013
Cecil Bohanon, economics professor, penned a guest column.
November 1, 2013
Michael Hicks, director of the Center for Business and Economic Research at Ball State, wonders whether tight times during the recession have caused a lasting shift in consumer spending trends.
October 15, 2013
The mother-of-three, a committed Christian who reads the Bible every day, has spent the last two decades working her way up in the fashion industry after gaining a merchandising and marketing degree from Ball State University.
August 23, 2013
Many Hoosiers earn personal incomes that are decades behind their working counterparts in the rest of the country, a new Ball State University study says.
April 20, 2013
Indiana's jobless rate holds steady in March
Michael Hicks, an economist and director of Ball State University's Center of Business and Economic Research, said the resiliency and relative strength of Indiana's economy is the one bright spot in the unemployment report.
"With job losses of 11,000, we still see overall job numbers over the past year exceeding all but a few states," he said. "Moreover, we enjoy a growing labor force, which speaks well to long-term prospects. Still, these numbers are bad, and with a worsening national economy, employment data are likely to disappoint for months to come."
April 15, 2013
How to Have a Good Day
Record a Daily Message. Effective use of voice mail “can eliminate much inefficiency concerning business communications,” says Marilyn Chalupa, a business education and office administration professor at Ball State University in Muncie, Indiana. Her advice: Change your message each day, and make it specific and useful. For instance, you might leave a message saying that you’re in the office, but in meetings most of the day, and so won’t be returning calls until the next morning. Or you could leave a message saying that you’re in the office, but working on a major project all day, and will only be checking messages at lunch and 4 p.m. You can even leave a voice mail for one person if you know someone is calling for specific information. Some phone mail systems enable you to leave this information in a separate place on your voice mail.
April 11, 2013
Ball State Economist Explains Chained CPI
Those opposed to the chained CPI say it will mean smaller increases in Social Security checks over time. Ball State Economist Mike Hicks says the chained CPI allows people to choose between similar products in places where they're cheaper. He says many economists believe the current CPI overstates inflation because it doesn't take this into account.
April 5, 2013
US Job Growth Slows, Jobless Rate Dips
Another economist, Michael Hicks of Ball State University in Indiana, says it may take a decade or longer to get back to the unemployment levels seen before the financial crisis.
April 3, 2013
Study: Over Half of Indiana Smokers Tried to Quit in 2011
A new Ball State University study says more than half of all Indiana smokers have tried to quit smoking in the past year.
March 19, 2013
Matthew Tully: Suburban flight and the CityWay in Indianapolis
Many people find these questions to be simple ones, at least based on a new Ball State study that showed Hamilton, Hendricks and Johnson counties experiencing the state’s largest net migrations in recent years -- meaning people moving in from another county. Marion County suffered the lowest such migration, meaning thousands more moved out than moved in.
March 17, 2013
Migration study: Hamilton County continues to lead in population growth
Though it continues to draw more new residents than any other city in the state, Indianapolis continues to lose population at a slightly higher rate, according to a new population-movement study by Ball State University. Hamilton County, the suburban neighbor to the north, continues to reap the benefits. "It is kind of surprising that the rankings are so consistent," said Dagney Faulk, the director of research, who co-authored the study. "Hamilton County has had the highest population growth for years, it’s always at the top. Marion County has the most moving in, but they also have the most moving out. It’s the classic story that’s been going on for decades all across America."
February 18, 2013
Will Bass Pro Shops lure people to Tampa Bay area?
Another Bass Pro fan is Michael Hicks, an economist at Ball State University. Hicks has written a research paper on Cabela's, a Bass Pro Shop rival with a similar rustic theme and entertainment offerings.
January 16, 2013
Walmart's Veteran Hiring Plan Draws Praise, Skepticism
Walmart is such that they ought to easily accommodate any vet looking for work," said Mike Hicks, a Ball State University economist who has studied Walmart's retail impact. "They probably won't see a huge uptick in vet applications, but it is smart from both a public relations and human capital perspectives."
December 2, 2012
Indiana experiencing surge in wind power market
Environmentally, wind is also a comparatively clean alternative to generating electricity with fossil fuels, said Scott Rice-Snow, a geological sciences professor at Ball State. And that's true for much of the wind industry, said Michael Hicks, an economist at Ball State. While it might still be viable to use existing turbines, "if the incentives went away, it might mean we see less new or future investment," he said.
Note: This story originated with the Anderson Herald-Bulletin and distributed by Associated Press. The Indianapolis Business Journal also posted it.
December 1, 2012
Study: 'Fiscal Cliff' Fall Would Hit Hoosier Paychecks, Employment
A new report from Ball State's Center for Business and Economic Research (CBER) suggests going over the so-called "fiscal cliff" would result in Indiana residents paying more taxes and employers hiring fewer workers. The study also predicts unemployment would be more than a percentage point higher each year over the next five years.
November 12, 2012
Study: Indiana airports provide state with significant economic boost
Michael Hicks, director of Ball State University’s Bureau of Business Research, said the study’s estimates of indirect jobs and spending that airports induce appear reasonable. But he questioned whether many of the small airports around the state can claim to be responsible for the jobs and spending numbers tallied in the survey.
November 1, 2012
How to Overcome Your Fears and Move Your Business Forward
In September, a dozen of Clark Muntean's students began mentoring Jan Long, president of Mr. Canary, a Carmel, Ind.-based maker of bird feeders that are sold at Kmart, Walmart and Kroger (with annual revenue of about $500,000). Long and her sister, Christina Mowery, started Mr. Canary in 1995. They were fearless, she says, mostly because they were naive. "This is what happens with entrepreneurial people," Long says. "You just hurl yourself off a cliff and then you start thinking, Oh, my God. I don't know how to fly."