Thursday, July 27th, 2017

Indiana named fifth best state in the nation

Posted: Friday, July 14, 2017

Chief Executive Magazine has named Indiana the fifth best state in the nation for business. That’s an improvement of one place over last year’s ranking and sets Indiana as the best in the Midwest.

The magazine asked 513 CEOs to rank the states they were familiar with on tax and regulatory regime, workforce quality and living environment. Living environment takes into account cost of living, education and local attitudes toward business. Here’s how Indiana fared in those categories, according to the magazine: No. 10 for taxation and regulation; No. 4 in workforce quality; No. 17 in living environment and a brownie point for being a right-to-work state.

CEO comments from the survey say that “Indiana has its act together and is impressive” and that “Indiana has consistently ranked in the top three in offering not just competitive incentives for business, but also packages that improve the skill sets to hire a qualified, work-ready workforce.”

In terms of challenges that face the state, the survey cited slow population and income growth. Texas and Florida topped the list, as they have for the last 12 years; North Carolina and Tennessee rounded out the top five. At the bottom of the pile, the least business friendly states according to the survey were Connecticut, New Jersey, Illinois and New York. California was dead last. See the full list here.