The director of Ball State University’s Center For Business and Economic Research said recent announcements from two recreational vehicle makers about new investment in Elkhart County are “further evidence that we have indeed turned the corner” toward an economic recovery.

Michael Hicks said Carbon Motors’ selection of Connersville for its new headquarters and other consolidation-related decisions also provide hope for the state’s economy.

He made the comments on Inside INdiana Business with Gerry Dick.

Hicks added that one of Indiana’s biggest strengths is its budget surplus, which signals to employers that the state’s economic and tax climate is stable.

Hicks said pending federal legislation, such as cap-and-trade and health-care reform, is likely causing existing manufacturers and new investors to hold back their full efforts until an outcome is apparent. Hicks said cap and trade legislation holds the highest risk for Indiana because of the expected increases in electricity rates.