Economists Weigh in on Election’s Impact on Indiana Economy

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What will election results mean for the Indiana economy? Ball State University economist Mike Hicks doesn’t expect radical change. “I don’t think this is an outcome that ought to frighten those who may be wary of Democrats,” said Hicks, who serves as director of Ball State’s Center for Business and Economic Research. “I think the divided government means we’re probably not going to have major tax reform; I think we will have COVID relief earlier rather than later and that’ll make things better for the Hoosier economy.”

University of Indianapolis Associate Professor of Finance Matt Will agreed. “From an economic standpoint,

Hicks and Will talked about election results and the potential impact on this weekend’s edition of Inside INdiana Business with Gerry Dick.

“This is probably a good thing for the Indiana economy,” said Will. You’re not going to see any dramatic changes; you’re not going to see a left-leaning agenda going through…I anticipate the result of the election will be some economic stability.”

But Will also issued a note of concern.

“The concern that I have is a second lockdown. If we have another lockdown, we’re going to have municipal budget crisis, you’re going to see more small businesses closing, said Will. “When a President-elect Biden announced that possibly he’s going to do another lockdown, I think that’s a serious concern and I hope he doesn’t go that route.”