Indiana a Top 10 'Best State For Business'

Posted: Updated:

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.

  • Perspectives

    • Planning For Expansion or Relocation in 2019?

      Given the strength of today’s economy, business relocations and expansions that were once few and far between are now much more common. Businesses considering significant investments or relocations in 2019 will consider the cost and availability of workforce, logistics, cost of short- and long-term occupancy, and much more when looking for the ideal project site. There needs to be a good community fit as well. While these are all critically important factors to the success of a...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Indy Airport to Introduce New Airline

      Indianapolis International Airport will today host an event to welcome a new airline. Airport officials say the provider will add more routes to IND's growing roster of options. Earlier this month, the airport reported record-breaking traffic in the third quarter. IND said the more than 2.4 million passengers that passed through the airport in the third quarter of 2018 marked an 8 percent year-to-date increase over last year and the best third quarter in the facility's history.

    • IND Adds New Airline, Nonstop Routes

      A Florida-based airline, billing itself as an "ultra low-cost carrier," is coming to Indianapolis International Airport. Spirit Airlines Inc. (NYSE: SAVE) will begin daily, nonstop service to Las Vegas and Orlando in March, and add summer seasonal nonstop service to Myrtle Beach in May. Vice President For Capacity Planning Mark Kopczak says the airline sees "real potential for growth" in those routes, adding IND has done a good job "selling Indy as a place...

    • Stellar Communities Winners Unveiled

      Lieutenant Governor Suzanne Crouch has unveiled the two winners of the 2018 Stellar Community designation. The regions selected for the designation will receive state funding to implement the revitalization plans submitted for their communities. This is the first year the designation has been awarded on a regional basis. Each region will receive $4.5 million from the Indiana Office of Community and Rural Affairs, $2 million from the Indiana Department of Transportation and...

    • National FFA Convention to Stay in Indy

      One of the state's largest conventions will remain in Indianapolis. The National FFA Organization has announced Indy will continue to host the National FFA Convention & Expo through 2031. The announcement comes two months after the organization set a new attendance record at the 2018 convention, which drew 69,944 people. The event had an estimated economic impact of $39.8 million for the city. The organization has previously committed to hold the event...

    • Indiana Companies Among 'Just 100'

      Three Indiana-based companies are including in Forbes' 2019 "Just 100" list. The ranking, according to the publication, features companies that are "taking the public interest into their own hands and generating better returns for themselves and society in the process."