Indiana is the Sixth Best State for Business, and is the Only Midwest State to Make the Top 10
Business-friendly incentives continue to attract CEOs to invest in the Hoosier state
Greenwich, Conn., May 7, 2015/PRNewswire/ -- Chief executives have shown that they favor pro-growth, low-tax states by ranking Indiana the sixth best state for business, according to Chief Executive magazine’s 2015 “Best and Worst States for Business” survey.
In the annual survey, completed by 511 U.S. CEOs, states are measured across three categories to achieve their overall ranking: Taxes and regulations, quality of the workforce, and living environment, which includes such considerations as quality of education, cost of living, affordable housing, social amenities and crime rates.
CEOs reported that Indiana presented businesses with a strong, educated workforce, low taxes, pro-business regulatory policies, and a quality living environment for employees. One chief executive noted that, “Since former Governor Mitch Daniels, Indiana has become very business friendly.” Other business leaders told Chief Executive that the right-to-work status has begun to pay off in manufacturing and distribution wins for the state and that “Indiana is a right-to-work state with incentives to attract businesses.”
State governments use the survey results to help determine how to improve their regulatory environment to attract more businesses, while corporations use the data to decide where to build facilities and attract vibrant workforces.
Of 12 Midwest states, 25 percent made the top 20, while 75 percent made the top 30:
19 North Dakota
23 South Dakota
In addition to CEO ratings on taxation and regulation, workforce quality, and living environment, the survey also provides data on state GDP, unemployment rate, domestic migration, and state/local tax burden.
For complete results, including individual state rankings on multiple criteria, CEO comments, methodology and more, please visit http://chiefexecutive.net/best-worst-states-business/2015/.
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