Indiana is once again being recognized as a top state for doing business. Chief Executive magazine ranks Indiana first in the Midwest and fifth in the nation for the second consecutive year in its annual "Best & Worst States For Doing Business" list.

The ranking is based on surveys of more than 500 CEOs. The results of the survey show states with friendly tax and regulatory climates, quality work forces and strong living environments tend to be favored more by CEOs.

The ranking cites Indiana's commitment to infrastructure improvements through its Major Moves 2020 program and the recently-approved measure to provide an additional $1.2 billion in spending each year for road and bridge work.

"Over the last 12 years, Indiana has worked to create a world-class economy by passing balanced state budgets, reducing regulatory burdens and investing in the future," Governor Eric J. Holcomb said. "Today's ranking reaffirms the benefits of our pro-business climate as we work to take Indiana to the next level."

Texas tops the list for the 13th consecutive year, followed by Florida, North Carolina and South Carolina. Ohio is the highest ranking state neighboring Indiana at number 11, followed by Kentucky at 22, Michigan at 36 and Illinois at 48.

You can connect to the full list by clicking here.