Indiana is the 5th Best State for Business 2012

No. 5 Indiana Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  [...]

May 2 2012 by ChiefExecutive.net


No 5: Indiana

No. 5

Indiana

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: -1.41
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -1.08

Unemployment

  • Unemployment Rate Dec. 2011 %: 9.00
  • Comparison with Nat’l Rate (8.50%): 0.50

Domestic Migration

  • Domestic Net Migration ’00-’09: -21,467
  • Rank: 32

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,650
  • State & Local Gov’t Employees per 10k Residents: 536.29

State-Local Tax Burden

  • Rate (%): 9.49
  • Compared to Nat’l Avg. (9.8%): -0.31
Key Companies
  • Eli Lilly and Company
  • Republic Airways Holdings Inc.
  • Wellpoint
  • Steel Dynamics
  • Cummins
  • Nisource
Development Trend Indicator: Positive
Becoming right-to-work state already making it a bigger magnet for business.
CEO Comments
“Indiana is centrally located, has a balanced budget and excess reserves on hand, is a low overall tax environment, is business friendly and is now a right to work state. If you want to locate in the Midwest, there is no other state in its class.”

“Indiana is like a breath of fresh air. I have operated on both coasts, the southeast, and Chicago, and Indiana is where I will keep my manufacturing operations.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation