TERRE HAUTE —
Indiana was ranked as the best place to do business in the Midwest and the fifth best nationwide in a survey of more than 500 chief executives by Chief Executive magazine.
The magazine’s ninth annual “Best & Worst States” survey asked CEOs to evaluate states based on business tax policies, regulation, workforce quality and livability factors.
Indiana’s ranking in the survey has moved up 11 places since 2010.
“On the heels of the largest state tax cut in Indiana history, this ranking is validation of the work we have done since day one to make Indiana the top jobs state in the country,” said Gov. Mike Pence.
Under the governor’s leadership, Indiana recently enacted the largest tax cut — more than $600 million a year — in state history.
Chief Executive magazine noted in this month’s issue, “The federal government may be a tax reform wasteland, but the states are out there competing with gloves off.”
Through a combination of income tax relief, inheritance tax repeal and other business tax reductions, Indiana is the only state in the country to achieve more than $1 billion in tax cuts over the next two years.
Indiana’s fifth-place ranking makes it the only Midwestern state in the publication’s top five.
Among neighboring states, Kentucky ranked 29th, Ohio 22nd, Michigan 44th and Illinois 48th.
The magazine ranking is the latest in a series of national acknowledgements Indiana’s business climate has received, including a top-five finish nationally in the Pollina Corporate Top 10 Pro-Business States for 2012 study.
Also, Area Development magazine rated Indiana as the best state for doing business in the Midwest and eighth nationally, according to an October 2012 survey of national location consultants and a review of Indiana’s economic development record.
Chief Executive magazine is a bi-monthly publication for top management executives published by the Chief Executive Group LLC.
The “Best & Worst States” survey results are available at chiefexecutive.net/best-worst-states-for-