Indiana a Top 10 'Best State For Business'

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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

    • The Importance of Strategic Planning

      How many years have you put work-life balance on your list of New Year's resolutions? Every day, I see so many business owners struggle with the same issues: working 60+ hours each week, not being able to remember the last time they had a vacation, and simply feeling like it's up to them to do it all in their business. After working with countless business owners to identify and overcome their challenges, I've realized the most common root cause is a lack of strategic planning.

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