Indiana was named the third most business-friendly state in America, according to a report released today by Pollina Corporate Real Estate Inc., a national leader in corporate site selection. Indiana’s business climate ranking improved from No. 7 last year and from No. 23 in 2010.
According to Pollina, the study, which is co-published with the American Economic Development Institute, examines 32 factors that are controlled by state government, including taxes, human resources, education, right-to-work legislation, energy costs, infrastructure spending, regulatory environment, workers compensation laws and state economic development efforts.
“Since day one of this administration, we have made job creation job one by cutting costs and taxes for families and job creators, reducing regulations that make it hard to do business and investing in our growing workforce,” said Governor Mike Pence. “Indiana continues to garner national recognition as the best place to do business, but so long as any Hoosier is looking for work or struggling to make ends meet, our work is not done.
“To take job growth and our economy to new heights, I believe we must continue to live within our means, let working Hoosiers keep more of what they earn, and make sound investments in the education of our kids, our workforce and the infrastructure that makes Indiana the Crossroads of America.”
Among Indiana’s neighboring states, Michigan ranked No. 10, Ohio ranked No. 20, Kentucky ranked No. 28 and Illinois ranked No. 47.
The Pollina Corporate Top 10 Pro-Business States study is the latest in a recent series of national accolades the Hoosier State’s business climate has garnered. Last month, Indiana was ranked No. 8 in Forbes’ tenth annual survey, breaking into the top 10 for the first time, while the state’s business climate was ranked No. 6 nationally by Chief Executive magazine in May. This summer, Indiana was also ranked as the best state in the nation for small businesses by The Pacific Research Institute.
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, focusing on helping companies grow in and locate to the state. Governed by a 12-member board chaired by Governor Mike Pence, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.