Indiana Continues to Rank High in "Best States for Business" Surveys
Indianapolis - Indiana continues to rank high in "best states for business" per rankings recently published by Chief Executive and Site Selection magazines.
In the May 2013 issue of Chief Executive, Indiana ranked as the best place to do business in the Midwest and the 5th best nationwide in a survey of more than 500 chief executives. Indiana's 5th place ranking makes it the only state in the Midwest among the top five nationwide.
The magazine's ninth annual "Best & Worst" states survey asks CEOs to evaluate states based on business tax policies, regulations, workforce quality and livability factors. Indiana's ranking has moved up eleven places since 2010.
Indiana recently enacted the largest tax cut, more than $600 million, in state history. Through a combination of income tax relief, inheritance tax repeal and other business reductions, Indiana is the only state in the country to achieve more than $1 billion in tax cuts over the next two years.
The May 2013 issue of Site Selection magazine ranked Indiana as the most competitive state for business in the Midwest and the 2nd best in the nation in their 2012 Top 10 Competitive States rankings. The rankings evaluates the states abilities to attract investment based upon new and expanded facility announcements. Indiana's second place ranking is the state's highest finish in ten years.
These rankings are the latest in a series of national accolades that Indiana's business climate has received. Other high rankings have been published by CNBC, Forbes, the Tax Foundation, and Area Development magazine, which rated Indiana as the best state for doing business in the Midwest and 8th nationally.
Source: Indiana Economic Development Corporation