Indiana's Business Climate on the Rise

Date: May 17, 2016 Last Edit: May 18, 2016

Survey: Hoosier state recognized for ‘friendly tax and regulatory climate’.

Indiana’s Business Climate on the Rise

There’s more good news for Hoosier small
business owners.

 According to the latest annual results of Chief
Executive magazine’s “Best & Worst States For Business,” Indiana moved up one spot this year, ranking No. 5 in the 12th
annual survey of more than 500 CEOs, up from No. 6 in 2015.

 “Indiana is a state that works for business
because of our world-class economic climate and talented, dedicated workforce,”
said Governor Mike Pence. “This ranking confirms what we in the Hoosier state
already know to be true—that Indiana holds the line on spending, maintains
strong reserves and keeps the cost of doing business affordable through record
tax cuts.”

Indiana was the only Midwestern state among the
top 5, which also included Texas (No. 1), Florida (No. 2), North Carolina (No.
3) and Tennessee (No. 4).

Indiana ranked No. 10 in the category taxation
and regulation, No. 4 in workforce quality and No. 17 in living environment.
The state’s corporate tax rate is scheduled to hit 4.9 percent by 2021.

 For national results, click here. To see more details about
Indiana-specific results, click here.

 

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