We’ve methodically created a business environment where conditions are set for success. Whether it’s minimizing operating expenses or delivering the workforce training and infrastructure you need to grow, Indiana is one of the most business-friendly states in America.
BEST BUSINESS ENVIRONMENT
Indiana ranks 1st tin the Midwest and 5th in the nation as the best place to do business in the Pollina Corporate Top 10 Pro-Business States for 2012 study (Aug. 2012).
Indiana ranks 5th in the nation for business friendliness and 7th for cost of living in CNBC’s “America’s Top States for Business” report (July 2012).
Indiana ranks 1st in the Midwest and 5th in the nation in Chief Executive magazine’s annual “Best & Worst States” survey (May 2012).
Indiana ranks best in the Midwest and 8th overall in Area Development magazine’s “Top States for Doing Business” study (Oct. 2012).
TOP TAX CLIMATE
Indiana ranks 1st in the Midwest and 11th nationally in the Tax Foundation’s 2012 Business Tax Climate Index (Oct. 2012).
CORPORATE INCOME TAX REDUCTION
New legislation cut Indiana’s corporate income tax from 8.0% to 6.5%, a reduction of 25%. The tax rate will continue to drop by 0.5% per year as the decrease is phased-in.
RANKED TOP 3 FOR 2010 GDP GROWTH
Indiana’s Gross Domestic Product grew 4.6% in 2010, nearly two times the national rate of 2.6%. That’s the 3rd highest growth rate in the country (U.S. Bureau of Economic Analysis).
A RIGHT-TO-WORK STATE
On February 1, 2012 Indiana became the 23rd state in the nation and the first state in the industrial Midwest to pass right-to-work legislation. This new status creates an even more attractive environment for businesses and entrepreneurs alike to move their operations to the Hoosier State. There is strong evidence that the economy is indeed growing, with companies small and large expanding operations and hiring new workers. With the support of the legislative and executive branches of government, businesses can be encouraged by Indiana’s move to join other right-to-work states to better compete for and win America’s business.
AAA CREDIT RATING
Indiana is one of only nine states to earn the top bond rating from all three major credit rating agencies (S&P, Fitch, Moody’s).