Financial Services in Indiana: Connecting the Dots for Economic Development
Time, Date, & Location
Date: Wednesday, June 22, 2005
Time: 3:00PM - 5:00PM
Location: Columbia Club, Indianapolis
Event Details:
Networks Financial Institute (NFI) along with the Association for Corporate Growth hosted a panel discussion, "Financial Services in Indiana: Connecting the Dots for Economic Development," on Wednesday, June 22, 2005 at the Columbia Club in downtown Indianapolis as part of the 2005 Indiana Humanities Council Leadership Summit which took place in Indianapolis June 21-23.
This year's Leadership Summit brought more than 500 of the state's top business, education, government and nonprofit sector leaders together to discuss issues and cultivate leadership.
NFI's session at the Leadership Summit focused on the role of strong financial institutions in local economic growth and development.
Dr. John A. Tatom, Director of Research of Indianapolis-based Networks Financial Institute, served as the event's moderator and opened the event by introducing visiting panelists Michael Mayer, Ken McDonald and John Weinberg to the audience. Mayer is an executive with Bank of America based in Charlotte, N.C. McDonald is vice president of economic development with the Charlotte (N.C.) Regional Partnership. Weinberg is director of research and senior vice president of the Federal Reserve Bank of Richmond, Va., and is chief policy advisor on banking, financial institutions and markets.
Tatom introduced the working session by pointing out that a large and growing body of academic literature shows that a strong financial sector contributes to more rapid economic growth. After a profile of the Indiana economy and discussion about the state’s economic development challenges and growth initiatives, the panel discussed how a strong and growing financial services sector can impact a city’s economic development.
NFI also hosted a social soiree for the summit at its Meridian Street headquarters following the panel. The soiree, hosted by Indiana State University President Lloyd W. Benjamin and wife Wieke, was themed “The Next Indiana Boom” and featured brief remarks by Ed Morrison, director of the Center for Regional Economic Issues at Case Western Reserve University, and Steve Gunderson, a senior consultant with The Greystone Group Inc. and former congressional representative from Wisconsin.