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Indiana a Top 10 ‘Best State For Business’

November 30th, 2017

By Dan McGowan | Inside INdiana Business

Indiana has broken into the top 10 of an annual ranking of the Best States for Business for the second time in 12 years. The Forbes list focuses on 41 metrics, ranking states in six categories. Indiana's number 10 overall ranking is up three spots from a year ago, driven in part by a number one finish in Regulatory Environment.

The Regulatory Environment category considers metrics including labor regulations, health insurance coverage mandates, occupational licensing, right-to-work laws, tax incentives, transportation infrastructure and fiscal health of the state.

Indiana's overall results were tempered by a Labor Supply ranking of 45. Ohio was the closest-ranked neighboring state, coming in at 14th overall.

The publication sited Indiana's AAA credit rating from Moody's and its low cost of living, which is nine percent below the national average and is fifth-lowest.

Indiana by the numbers, according to Forbes:

Business Costs- 12
Labor Supply - 45
Regulatory Environment - 1
Economic Climate - 23
Growth Prospects - 18
Quality of Life - 4

The Top 10 Overall in 2018 are:

  1. North Carolina
  2. Texas
  3. Utah
  4. Nebraska
  5. Virginia
  6. Georgia
  7. Florida
  8. Colorado
  9. North Dakota
  10. Indiana

The 10 states ranked lowest are:

      41. Alabama
      42. Connecticut
      43. Rhode Island
      44. Hawaii
      45. Mississippi
      46. Maine
      47. New Mexico
      48. Vermont
      49. Alaska
      50. West Virginia

You can connect to more about the methodology by clicking here and connect to the full ranking by clicking here.

Categories Business Climate