Earlier today I attended the Indiana University 2012 Business Outlook Panel in its visit to Richmond.  It’s a group that “has presented national, state, and local economic forecasts for the coming year to business, political, and community leaders of Indiana” for the last 38 years.  I attended the same gathering back in 2005 and I have to say that today’s commentary wasn’t much different from what it was six years ago: “things are not great with the economy, but there are reasons to be cautiously optimistic.”

As I noted in my reflections from the 2005 event, there were a couple of troubling ideas that permeated the remarks, especially from the panelists looking at global and national trends.

The main one that I continue to struggle with is the idea that we just have to wait for the global economy to improve and drive things to get better at the national, state and local level.  In defending the power of globalism, one of the panelists even outright made fun of the idea of building a regionally self-reliant economy.

A more regional approach to economic development – instead of depending on the importation of resources from around the world – is exactly the approach that many others (myself included) are saying is key for communities like Richmond to surviving the increasingly intense effects of rising fuel prices, the falling value of the dollar and the destruction of the natural environment.  While I appreciate that there’s hope in what a thriving global economy might mean for midwestern cities, I’m not sure it’s reasonable to ask the people without jobs or credit or homes or disposable income to keep waiting it out, just another year or two.

Despite the inclusion of this troubling premise, the event was still interesting and perspective-bringing; some other tidbits shared by the panel:

• Political dysfunction at the national level is clearly eroding confidence in the ability of policy-makers (Congress and the President) to have any real effect on the economy
• To make sure we can survive through any kind of economic recovery, we have to address the Eurozone economic situation, stop implementing short-term, ineffective fixes domestically and start solving problems for the long term, open and evolve our financial system (“Federal reserve monetary policy currently penalizes people who save instead of rewarding them”), and pay attention to China’s emerging consumer culture.
• Despite the down economy, corporate earnings are up 11% and are expected to improve
• We have to do better at answering the question “what should investors do with their money?”  The market is too volatile, savings accounts don’t offer a return, and if we don’t have some good options, people will seek dangerous ways to get a higher rate of return (e.g. lending money to home-buyers who can’t actually afford it).
• Indiana has been hit harder than most states, using a quarter of a million jobs from 2007 to 2009.  Those jobs mostly aren’t coming back, in part because they’ve been lost from organizations that are more efficient and don’t need them any more.
• Private education and healthcare services are the two industries that are doing well in Indiana, with 36,000 jobs added in the last year.  The government sector has recently done well too as the result of stimulus fund application (there were 450,000 government jobs in Indiana as of May 2010) but that’s expected to level off or decline as those funds dry up.
• Housing sales in Indiana are down 3% and the average price of homes for sale are up 1% – not a good economic trend, and new housing construction has slowed significantly.

I also learned a new economic term that is very timely for my own hiring attempts at Summersault.  One of the event attendees asked the panel how they reconcile the issue of companies and organizations investing in lots of infrastructure and equipment to expand but then not being able to find qualified workers to fill those jobs.  The term for this is “structural unemployment” where there’s a mismatch between demand in the labor market and the skills and locations of the workers seeking employment.  Richmond is experiencing a form of this now, where we (including my company) have positions that are open but our workforce doesn’t always have the training or skills to fill them.  The panel didn’t offer any particular solution to this phenomenon, but the implication was that it is among our most serious challenges to solve.

Thanks to Indiana University East for sponsoring this event and to Reid Hospital for hosting it.  I hope it generates some useful conversation.

1. Capitalism vs. The Environment: A small business perspective on doing well AND doing good. This coming Thursday September 24th at 4 PM at Indiana University East in Whitewater Hall Room 132 the Community Room, free and open to the public, no registration required.  I’ll be talking about our experiences at Summersault as we’ve tried to do the “right thing” when it comes to the environment and nurturing sustainable lifestyles, and examine whether it’s even possible to pursue a for-profit technology venture and not be in a harmful relationship with the land and life around us.
2. Get Techie, Get Social! A workshop to help non-technical people learn more about technical topics, especially social media like Facebook and Twitter.  Monday September 28th from 9:30 AM to 11:30 AM at Morrisson-Reeves Library, free and open to the public, no registration required.  If you’re at all intimidated by some of those “newfangled Internet trends” or the Internet in general, I hope you’ll bring your questions and frustrations so we can work them out together.  There’s a PDF flyer for the event.
3. TCP/IP topics in Introduction to Computers and Computing.  I’ll be speaking at this IU East class on Monday October 12th about things like DNS/Bind, network topologies and routing, e-mail technologies, and web technologies.  This particular class isn’t open to the public, but if you have folks interested in discussing these topics in technical detail, let me know and I’d love to speak with your group.
4. Communicating Through Technology. Friday October 23rd at 9 AM at a conference for women hosted by the Wayne County Foundation.  I’ll be speaking along with co-worker Jane Holman about social media and general technology topics.  You can view the conference brochure in PDF, and registration is required.

I hope you can join me for one of these events!

Every year, high school students around Indiana are encouraged to submit their films for judging and showing at the festival.  The top ten or so films are selected by a panel of judges, and then shown at the screening night (which was tonight).  Before the screening is a panel discussion with professional filmmakers and those involved in the film industry.

The event has gotten better and better every year.  Tonight there was a great panel that included Zack Parker (long-time filmmaker from Richmond who has produced two feature films), the Herbert brothers (who created a Superbowl commercial that recently won $1 million in a contest!), Erin Newell (the director of the statewide film initiative Film Indiana), and Krista Hoffmann-Longtin (who has been involved in Indiana film stuff for some time now).  The quality of the films were a clear step above last year’s submissions, with better sound production, plots, directing and photography all around.  There were three documentaries and an animated short!  Horror, comedy, romance and more!  Even the format of the evening was more energizing, with Oscars-like introduction and award presentation, and a great MC in Scott Tucker.  Well done, all for free.

Again, I’m not sure why the auditorium wasn’t packed.  Sadly, there were no submissions from Richmond students that were screened, so perhaps we’re a bit behind in encouraging our young folks to consider filmmaking for fun, inspiration, or even a career. I’m hopeful that we’ll do that and more, encouraging support for this artform in non-highschool settings too (e.g. have a 48-hour film project here).

Hopefully more people will become aware of this refreshing and impressive burst of creativity on display, and ask what we can to do take better advantage of it in our community.  If you’re at all interested in the creative arts and filmmaking in particular, I hope you’ll consider coming next year.

• Rising Above the Noise: Online Strategies & Tools for Success: we’ll take on blogging, RSS, micro-blogging, social networking, widgets, photo sharing, and more, and talk about how these tools can help businesses and other organizations get their message out there further. See also the article in today’s Pal-Item. Thursday September 25th 8-9 AM at the Uptown Innovation Center in Richmond. Free, contact Main Street to register.
• The Internet as a Political Tool: this is a repeat of the presentation I did in May, but now with more flavor! I’ll talk about how the Internet is changing the world of politics, and what it means for local citizens (especially right before the November election). It’s a part of the Technology Series at Morrisson-Reeves Library (see the PDF brochure) that is bringing together local experts to talk about various technology issues. Thursday, October 9th 6:30-8 PM in the Bard Room at MRL in Richmond. Free, contact MRL for details or just show up.
• General Talk about the Technologies of the Internet: I’ll be speaking to a group of freelance artists, web developers and consultants in Cincinnati about how to best use the technologies of the Internet to serve their clients. Friday, October 24th. If you’re in the Cincinnati area and are interested in joining the group, contact Katie McGuire.

If you’re interested in having me speak to your business or organization, learn more about how to get in touch to make a request.

The cool part is that the conference is only $49 for both days, and even cooler, I’ve got a 15% discount for you if you use this link to register. If you’re interested in blogging and social media at any level, I hope you can make it.

If you missed it, you can also check out the Annual Holiday Bazaar happening next Saturday at the Clear Creek Food Cooperative, where you’ll be able to buy crafts, jewelry, pottery and other homemade items from area artisans. See you there!

The site still needs a lot of work to make it more collaborative and relevant, but I’m excited about the possibilities. The greatest part of it is that anyone can add content to it (news, events, blog entries, etc.) so it’s not just about what I think of as progressive or know about going on. If you have comments or suggestions, send them my way!

Since that time, I’ve really come to appreciate the usefulness of podcasting even more, especially for balancing and complementing other sources of news and opinion, and lending a unique kind of voice to the conversations happening in our communities. To further that end, I’ve embarked on a trip down the road of hosting my own show: The Richmond News Review, a podcast providing a different perspective on local issues. As far as I can tell, there aren’t a whole lot of geographically-focused podcasts out there, so we’ll see how well that goes. It’s sure been a flurry of activity to get it going, and while I’m always cautious about the sustainability of and interest in such projects, I’m excited about the possibilities.

So, check it out, give it a listen, let me know what you think.