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Jun 25, 2015

We Built It

Economic development doesn’t just happen overnight, and it doesn’t always follow a predictable path to the greatest population density or the source of the heaviest media coverage.

In fact, some of the biggest reputations for having powerhouse economies are often the most expensive, litigious and regulated environments for business.  Look at the top U.S. cities for international brand recognition and you’ll find some of the lowest rankings and highest costs for business. New York City, Chicago and Los Angeles are certainly some of the most widely recognized U.S. cities around the globe. But no one seems to notice that Chief Executive recently ranked Illinois 48th, New York 49th and California 50th as three of the worst states for business in the nation.



We don’t believe those are sustainable models for economic development. In fact, we’ve spent the last decade building an environment in Indiana that promotes long-term economic growth by lowering overall business costs and decreasing regulations that get in the way of business. As a result, Chief Executive ranks Indiana 6th, as one of the best states in the nation for business. We’re also one of only a handful of states with a AAA credit rating, and our legacy of balanced state budgets and cash reserves has allowed us to actually lower taxes at a time when most states are raising them.

The improvements to our business environment are gaining traction, and our sound fiscal positioning is attracting a record number of jobs and investment to Indiana. In August of 2015 we actually surpassed the all-time record for Hoosier employment and have added 121,900 new jobs, growing at a rate of nearly 5 percent and averaging 3,900 new Hoosier jobs each month over the last two years, since January 2013.

Our rankings are on the rise too, and our costs for doing business are solidly among the best in the nation. Forbes ranks Indiana as the 3rd best state in the nation for business regulatory environment, and CNBC ranks Indiana number 1 in the nation for cost of doing business.


In Indiana, we’re building something much more important than a perception of significance. We’re building a reality that offers up concrete and measurable benefits.


By lowering costs and red tape, we’re increasing the ability of Hoosiers to succeed on their own terms, and as our economy grows, opportunity grows along with it.  We offer an opportunity for success that you can’t find just anywhere, and it truly is a rare business environment where the public and private sectors work so well together to create long-lasting solutions for economic growth and prosperity.  It didn’t happen overnight, and it didn’t follow a predictable path to a state with a bigger reputation, but it happened just the same. We built it here, in A State that Works.

For more info about A State that Works contact Brittany Mann  at 317.995.0847 or email bmann@iedc.in.gov