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.
According to the Indiana Department of Economic Development, the magazine’s ninth annual “Best & Worst States” survey asks CEOs to evaluate states based on business tax policies, regulation, workforce quality and livability factors. Indiana’s ranking in the survey has moved up eleven places since 2010.
Indiana’s 5th place ranking makes it the only Midwestern state in the publication’s top five. Among neighboring states, Kentucky ranked 29th, Ohio ranked 22nd, Michigan ranked 44th and Illinois ranked 48th.
The Chief Executive magazine ranking is the latest in a series of national accolades Indiana’s business climate has garnered. Indiana’s business environment recently scored 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.