Browsing by Author "Padfield, Jon"

Now showing 1 - 3 of 3
  • Thumbnail Image
    Item
    ‘Brain Gain’: Ranking economic impact efficiency of state-supported colleges
    (The Republic, 2022-12-11) Brewer, Ryan; Padfield, Jon; IUPUC Business
  • Thumbnail Image
    Item
    Columbus forecast 2022
    (2022) Mohler, Steven H.; Padfield, Jon; Division of Business, IUPUC
    Columbus metropolitan statistical area (MSA), based primarily on a manufacturing-based economy linked to the transportation industry and light vehicle manufacturing. It has experienced a significant negative economic impact due to COVID 19. With the continuing pandemic, a challenging year for transportation-related durable goods and lower light vehicle sales in North America, Columbus concluded 2020 with higher unemployment than 2019 and is projected with a lower GDP. Current expectations are for the local economy to increase slightly during 2021 in light of mixed economic indicators. This article explores these data, as well as what is anticipated for 2022.
  • Thumbnail Image
    Item
    Columbus forecast 2024
    (2023) Mohler, Steven H.; Padfield, Jon; Brewer, Ryan; IUC Division of Business
    The economic story of Columbus for the past 100 years has been one based in manufacturing. Since the early 1900s, Columbus has been a hub for manufacturing. This manufacturing base generated between 40% and 60% of the GDP for the Columbus Metropolitan Statistical Area (MSA) between 2001 and 2021. As a durable goods manufacturing-based economy, the Columbus MSA experienced significant economic volatility due to global supply chain issues and fluctuations in consumer spending related to the pandemic. Columbus concluded 2022 with lower annual average unemployment than 2021. During 2023, the unemployment rate moved to 3.0% or higher during five of the first eight months. Current expectations are for local economic output to increase during 2023 in light of vehicle production and sales projections. This article explores the 2023 data, as well as what is anticipated for 2024. We will begin our exploration of Columbus’ economic activity by focusing on one of our manufacturing keystones, Cummins.