Tuesday, September 9, 2008

Indiana Ranks Well in National Economic Performance

For many years, national media outlets, not-for-profit organizations and higher education institutions have ranked states’ performances in several important areas which impact business growth. Many of these studies have an impact on a state’s ability to grow its economy and be competitive. In addition, these studies also reflect trends or behaviors which factor into site selection decisions. While rankings are not the be-all and end-all of economic vitality, they provide key insights into how a state approaches issues which impact business operations.

CNBC: “America’s Top States for Business 2008”
Indiana is ranked #13 overall and placed in the Top Ten for cost of doing business, transportation and business friendliness. Indiana improved 13 spots from the previous year’s ranking.

Forbes Magazine: “2008 The Best States for Business”
Indiana is ranked 25th and ranked highest of all neighboring states in the Midwest.

Chief Executive Magazine: “2008 Annual Best & Worst States for Business”
Indiana is ranked 8th. The Hoosier State was the highest-ranked state outside of the Sun Belt, based upon response from 605 top corporate executives.

Site Selection Magazine: “Annual State Business Climate Rankings”
Indiana is ranked 11th and showed improvement in several areas of the survey, including corporate executives’ opinions of the state. Changes made to Indiana’s tax structure have been well-received by corporate decision makers.

Governing Magazine: “Grading the States ’08: A Management Report Card”
Indiana is ranked 9th and scored highest in: financial controls/reporting, structural financial balance, hiring talented team members, managing employee performance, infrastructure maintenance, infrastructure intergovernmental coordination, infrastructure internal coordination, and managing for performance. Indiana ranked higher than all but one of its neighboring states in overall performance.

source: www.insideindianabusiness.com