We’re number 1 (and number 6)

The following was released earlier this morning by Indiana Economic Development Corporation.

A prominent economic development publication ranks Indiana's business climate tops in the Midwest and sixth-best in the nation. "Area Development" magazine says the rankings are based on factors including rail and highway accessibility, cost of doing business and fast track permitting.

This type of continued recognition will hopefully translate in to more businesses locating in Indiana and bringing with them more jobs for out of work Hoosiers. And increased employment figures will mean a boost to the housing market.

October 15, 2010
News Release

INDIANAPOLIS (Oct. 14, 2010) – 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.

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 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 chief executive officer of the Indiana Economic Development Corporation. “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 .

About IEDCCreated by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Mitch Roob serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov.

Source: Indiana Economic Development Corporation

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