Indiana is the 5th Best State for Business 2013

Previous State: Tennessee Next State: Arizona No. 5Indiana Taxations & Regulations Workforce Quality Living Environment Based on CEO Survey by [...]

May 6 2013 by JP Donlon


Previous State: Tennessee Next State: Arizona

No. 5Indiana

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 1.1
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.4

Unemployment

  • Unemployment Rate Dec. 2012 %: 8.3
  • Comparison with Nat’l Rate (7.80%): 0.5

Domestic Migration

  • Domestic Net Migration ’10-’11: -11,412
  • Rank: 43

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,650
  • State & Local Gov’t Employees per 10k Residents: 536.3

State-Local Tax Burden

  • Rate (%): 11.2
  • Compared to Nat’l Avg. (9.9%): 1.37
Key Companies
  • Eli Lilly and Company
  • Republic Airways Holdings Inc.
  • Wellpoint
  • Steel Dynamics
  • Cummins
  • Nisource
Development Trend Indicator: Sideways
Now trying to monetize friendlier profile resulting from right to work.
CEO Comments
“Indiana is showing the way.”

“Texas, Colorado and Indiana are certainly doing the things in tax and infrastructure to be attrative to business.”

“MI and IN becoming Right to Work is huge.”

“Indiana is getting more competitive every year and it is boosting the competitiveness of the surrounding states (except for Illinois).”

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

Previous State: #4 Tennessee Next State: #6 Arizona