Indiana’s business climate is best in the Midwest and the sixth best in the U.S., according to Area Development magazine’s survey of national site selection consultants.
The state was also among the consultants’ top-five picks in the rail and highway accessibility (second), labor climate (third), fast-track permitting (fourth), most business friendly (fifth) and lowest business costs (fifth) categories, according to a news release.
The business climate ranking comes just four months after the corporate site selection and relocation trade publication named Indiana the winner of its 2010 Silver Shovel award in the 5 million to 10 million population category. The Shovel Awards recognize economic development agencies for innovative policies, infrastructure improvements, processes and promotions that attract new employers and investments.
“Indiana’s low-cost, pro-business environment has put us at the top of the list for private-sector job growth this year and now is bringing the state more national attention,” said Mitch Roob, secretary of commerce and CEO of the Indiana Economic Development Corp. “We will continue working hard to create the kind of environment that encourages business growth and success.”
The Area Development study is the latest in a series of national accolades the state has scored in economic development. In May, the U.S. Chamber of Commerce and National Chamber Foundation found Indiana to be fourth best in the nation for its business tax and regulatory climate in the organizations’ Enterprising States report. Margaret Spellings, executive vice president of the National Chamber Foundation, visited the state in September to recognize Indiana’s leadership in private-sector job growth this year.
Area Development’s full report is available http://www.areadevelopment.com/siteSelection/sept2010/top-states-doing-business39016.shtml.