The midwest state earns kudos by trimming several taxes, while right-to-work blossoms
FOR IMMEDIATE RELEASE – GREENWICH, CT, May 8, 2014 – CEOs ranked Indiana 6th out of 50 in Chief Executive magazine’s annual Best & Worst States for Business Survey, released today.
TheBest & Worst States Survey gauges the sentiment of CEOs on a variety of measures that they themselves have viewed as critical. These include the tax and regulatory regime, the quality of the workforce, and the quality of the living environment. Five hundred CEOs participated in the 2014 survey. The rankings are crucial, as CEO sentiment drives investments in offices, factories and other facilities that bring jobs to a region.
“I have plants in Kentucky, Indiana and Ohio,” one CEO said, noting that, “Indiana is by far the best of the three for business climate. Another said that “Indiana rocks,” and that “having strong government leadership and a balanced budget trickles down to decisions that affect the business environment.”
The Hoosier State is one of only two with a concentration in four of the biotech industry’s five major sectors, employing 60,000 workers at more than 2,000 bioscience establishments. The government plans to catch up with rival states in areas including capital formation, research commercialization and STEM (Science, Technology, Engineering and Math).
“We just passed the largest state tax cut in Indiana’s history,” Gov. Mike Pence told Chief Executive last February. At the same time we were cutting taxes,” he says, we were busy increasing funds for schools and roads. Together, these policies create a strong, pro-business environment.”
“The Indiana team definitely knows what it takes to be competitive, and they’re working hard to achieve that goal,” said Marshall Cooper, CEO of Chief Executive magazine and ChiefExecutive.net. “We applaud the economic development team for their efforts and look forward to seeing continued growth in the state.”
For complete results, including individual state rankings on multiple criteria, CEO comments, methodology and more, visithttp://chiefexecutive.net/2014-best-worst-states-for-business.
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