News From Terre Haute, Indiana

Business

March 3, 2013

Business dean: Partnering with education vital

TERRE HAUTE — Businesses must forge stronger partnerships with education to improve the growing workforce skills gap, Indiana State University’s business dean told members of the local business community.

Brien Smith, dean of the Scott College of Business, suggested to the Groundhog Day Economic Forecast audience that such partnerships would help improve the skills of the workforce that they will need in the future. The forecast event, which was sponsored by Indiana State and the Terre Haute Chamber of Commerce, featured speakers to discuss different aspects of the economy at the local, state and national level.

Gerry Dick, an Indiana State graduate and president and managing editor of Grow Indiana Media Ventures, referenced a statistic that indicated in five years, more than two-thirds of all jobs in the U.S. will require an education beyond a high school diploma, which Smith referenced in his subsequent comments to the audience.

“For all of you, the skills gap is coming, and you know what that means for your industry, for your job, for your company …,” Smith told the crowd. “So I challenge all of you, let’s all work together. Let’s connect the dots.”

During the event, Dick said that, in Northeast Indiana, only 35 percent of residents have an education beyond a high school diploma.

There are “lots of examples of how difficult it is for companies to find employees around the state with technical skills, but also softer skills: communication skills, showing up for work on time, being able to work in teams, those types of things,” he said.

Speakers also provided insights for the coming year. Robert Guell, professor of economics at Indiana State, predicted that the economy will continue to “slog along” in 2013, likely growing at least 2.5 percent, with a chance that it might grow slightly more.

“Going forward, I think things are looking up …,” Guell said. “The election solved many uncertainties, and uncertainty itself, I think was a particular” problem.

The economy also is improving locally, Guell said, with manufacturing faring much better than other sectors. Still, the unemployment rate in Terre Haute has exceeded the state and national rates for more than a decade, he said.

Guell explained that Terre Haute experienced two recessions in 2000s: the Great Recession, and another recession that started when Pfizer announced it was halting operations in 2007.

Other local indicators have improved as well. Brian Conley, owner and president of Conley Real Estate Appraisals, told the audience that four of the five real estate market indicators he analyzes showed improvement over 2012, with the fifth indicator staying even with last year.

“Last year, I said it’s like ‘Groundhog Day.’ I hate coming talking about how it’s been flat,” Conley said. “It’s really nice to come and say things are getting better.”

Yet not everything was positive. Guell told the audience that, in the job growth following the Great Recession, the retail sector has remained dismal. He also said an increasing number of college students “are either not graduating, or living at home, or when we pull into Starbucks, [are] earning tips on lattes rather than commissions on sales.”

“It is a really scary phenomenon,” Guell said, “especially in light of what Gerry said about the skills” gap.

Guell’s presentation was part of The Community Semester, which focuses on the theme “Our Town” and is a way for the College of Arts and Sciences at Indiana State to showcase what it does best and to encourage faculty and students to share what they are learning to the community.

People in attendance at the Groundhog Day Forecast didn’t have to look far to learn more about collaborating with the Scott College of Business. One of the informational fliers that people could review as they sat down included a notice of the “Meet the Dean” community business reception the Scott College will host later this month.

“Sometimes we can’t do much about inflation or the price of oil,” Smith told the crowd, “but we can solve problems that are local to our community.”

 

1
Text Only | Photo Reprints
Business
  • Union Hospital cuts to come from support staff

    The reduction of 150 employees in Union Health System by the end of this year will come from support staff, employees who do not have direct patient care duties, hospital administrators said today.

    July 23, 2014

  • EYE ON THE PIE: Private sector option to calm violence in streets

    We were in Edinburgh at the Pixy Theater waiting to hear the Wright Brothers play.

    July 19, 2014

  • Christian bookstore to celebrate 30-year mark

    The Open Door Christian Bookstore is celebrating 30 years of business in Terre Haute. On July 30, The Open Door staff will host a celebration of the milestone with 30-percent-off coupons, free cupcakes and door prizes throughout the day.

    July 19, 2014

  • On the Move: July 20, 2014

    July 19, 2014

  • Décor tips for outdoors focus of magazine issue

    The new issue of the Carpet One of Terre Haute digital magazine – Beautiful Design Made Simple – focuses on getting ready for the summer and expanding living space outdoors.

    July 19, 2014

  • BUSINESS BRIEFS: July 20, 2014

    • ‘Accessible tech’ workshop in works
    • Old National to host earnings web cast
    • Duke to promote entry-level openings
    • Thrift store seeks clothes donations
    • Upland wins multiple awards at Brewery Cup
    • Technology for people with disabilities workshop at ISU

    July 19, 2014

  • Restaurant continues lemonade sale cancer fundraiser

    In the summer of 2000, the idea behind Alex’s Lemonade Stand Foundation was born when 4-year-old cancer patient Alexandra “Alex” Scott set up a front yard lemonade stand to raise funds and awareness for childhood cancer cures.

    July 19, 2014

  • Nursery seeks grant applications

    The Terre Haute Day Nursery Committee is seeking grant applications from nonprofit organizations for funding in the child care areas of tuition assistance and program development.

    July 19, 2014

  • ASK SCORE: Looking to expand? Make sure credit measures up

    Good credit has always been important for entrepreneurs. But in today’s economy, building and maintaining a strong business credit score is essential for accessing both start-up and growth capital.

    July 19, 2014

  • SOCIAL SECURITY: Retirement, early or late, is a big decision

    If you believe in going all the way or not going at all, there’s a day to celebrate your extreme ways. This coming Saturday is All or Nothing Day.

    July 19, 2014

  • O’Rourke joins Sisters of Providence team

    When Providence Spirituality and Conference Center facilities manager Linda Malooley called Andrea O’Rourke inquiring if she knew of anyone who might be interested in taking Malooley’s position, O’Rourke offered a quick response.

    July 19, 2014

  • Regional artist to receive Arts Commission development grant

    The Indiana Arts Commission announced Friday that one regional artist is among 38 artists throughout the state receiving career development assistance through the agency’s Individual Artist Program grants for Fiscal Year 2015.

    July 19, 2014

  • Update: Union Hospital notifying workers of layoff

    Some employees of Union Hospital are receiving notice that they will be laid off as part of cost reductions.

    July 18, 2014

  • Convenience stores keep up fight to sell cold beer

    INDIANAPOLIS (AP) — Convenience stores in Indiana are keeping up their fight to be able to sell cold beer, as a trade group said Tuesday it was appealing a judge’s decision upholding the state law that prohibits them from selling the beverages chilled.

    July 15, 2014

  • JM 070914 PAINTER 02WELCH.jpg Fresh coat: Student Painters put business theories to work

    James Welch has successfully started his own painting business in the Wabash Valley. It isn’t entirely his business, however, but it certainly appears that way.

    July 12, 2014 3 Photos

  • Eye on the Pie: Indiana’s small business friendliness: A report card

    It must be the season. Another ranking of the states crossed my desk this week. That’s the second in two weeks. This time it’s from the Kauffman Foundation, the Kansas City organization that promotes entrepreneur development, and its polling affiliate, Thumbtack.com from San Francisco. Briefly, this report tells us that Indiana’s small business friendliness rates a grade of B-, 18th of 38 states in the survey.

    July 12, 2014

  • Social Security benefits of different flavors

    Do you scream for ice cream? If so, July’s the month for you. If not, please read on just the same.
    July is National Ice Cream Month, and July 20 is National Ice Cream Day. Take your family to get ice cream and you’ll find a variety of flavors. Same with Social Security. Most people think of retirement, but that’s like limiting yourself to vanilla. At Social Security, we offer a variety of benefits.

    July 12, 2014

  • Business Cents: Know your key demographics, market share

    Today I wanted to discuss one of the more frequent questions and challenges that business owners face and also one of the more common reasons companies fail: understanding their market.

    July 12, 2014

  • Score: Learn the ins and outs of cash flow

    You often hear about motorists who suffer breakdowns in the worst possible places because they didn’t bother to check their oil level regularly or ignored their dashboard warning lights. Many small business owners do the same thing when it comes to managing their cash flow.

    July 12, 2014

  • Davis named interim student affairs VP

    Nolan Davis, associate vice president of student affairs at Indiana State University since 2010, has been named interim vice president for student affairs, President Daniel J. Bradley recently announced.

    July 12, 2014

  • Wireless Mike’s to host grand opening week

    Wireless Mike’s will host a grand opening celebration at its new location in Marshall, Ill., beginning Friday.

    July 12, 2014

  • Newsmaker: July 13, 2014

    July 12, 2014

  • On the move: July 13, 2014

    July 12, 2014

  • Chamber of Commerce: Getting in touch with the membership

    How does a new Chamber of Commerce president, with no previous chamber experience, begin his tenure?

    July 6, 2014

  • Social Security: Get to know your financial numbers

    In the United States, people do a lot to recognize and honor the heroes who serve in the Armed Forces and those who paid the ultimate sacrifice. July is an appropriate month to recognize veterans and wounded warriors, as we celebrate our nation’s independence.

    July 6, 2014

  • Ask Score: Get to know your financial numbers

    Anyone who longs for the “good old days” probably doesn’t own a small business. Given the variety of powerful, easy-to-use accounting software products available today, it’s difficult to imagine wanting to keep records and prepare financial statements by hand.

    July 6, 2014

  • Librarian to take over VCPL west branch

    The Vigo County Public Library has named Lauri Chandler as the new manager of West Branch.

    July 6, 2014

  • DNR seeks new officer candidates

    The Department of Natural Resources is seeking qualified applicants to become Indiana Conservation Officers.

    July 6, 2014

  • St. Mary’s gift shop reopens in renovated location

    A sense of excitement flowed through the air of Providence Spirituality and Conference Center at St. Mary-of-the-Woods on June 20, as Linden Leaf Gifts conducted its official grand opening.

    July 6, 2014

  • Newmakers

    Newmakers

    July 6, 2014

Latest News
TribStar.com Poll
AP Video
Raw: Air Algerie Flight 5017 Wreckage Raw: Big Rig Stuck in Illinois Swamp Raw: Massive Dust Storm Covers Phoenix Raw: Bolivian Dancers Attempt to Break Record Kerry: No Deal Yet on 7-Day Gaza Truce Judge Faces Heat Over Offer to Help Migrant Kids More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Kangaroo Goes Missing in Oklahoma Ohio State Marching Band Chief Fired After Probe Raw: Deadly Tornado Hits Virginia Campground Raw: Palestinians and Israeli Soldiers Clash Raw: Air Algerie Crash Site in Mali Virginia Governor Tours Tornado Aftermath Raw: Israel, Palestine Supporters Rally in US Raw: Iowa Police Dash Cam Shows Wild Chase Israel Mulls Ceasefire Amid Gaza Offensive 12-hour Cease-fire in Gaza Fighting Begins Crashed Air Algerie Plane Found in Mali Fox Dons 'Bondage Strap' Skirt at Comic-Con
NDN Video
Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity