Indiana’s business climate is in the top 10 in Forbes‘ annual Best States for Business Ranking for the first time. The publication evaluates the states in categories including quality of life, business costs, regulation and labor supply.
This year marks the first time Indiana ranked in the top 10 in the Forbes list. The state was 15th last year. The publication also ranked Indiana second in the United States for its regulatory environment and sixth for quality of life.
The top 10 are:
2. North Carolina
4. North Dakota
9. South Dakota
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Indiana reached and passed its all-time record for private sector employment over the summer. The state’s unemployment rate stands at an eight-year low of 4.5 percent. The Indiana Economic Development Corp. says, so far this year, nearly 300 companies have committed to creating nearly 24,000 jobs.
The designation marks the latest bit of recognition for Indiana. Earlier this year, Indiana was ranked as the best state in the nation for small business growth by The Pacific Research Institute. Chief Executive magazine this year named the state the best in the Midwest and sixth-best in the nation for doing business. Also this year, CNBC ranked Indiana best in the nation for cost of doing business and eighth for its overall economy as part of its annual business scorecard.