Indiana is ranked as the most competitive state for business in the Midwest and the second best nationwide in Site Selection magazine's “Top 10 Competitive States of 2012.”
The magazine's competitiveness ranking evaluates states on their ability to attract investment based mainly on a 10-factor index using Site Selection publisher Conway Data Inc.'s New Plant database of new and expanded facility announcements.
"With our low-tax, business-friendly climate, the national spotlight continues to shine on Indiana as a state that works for business," said Indiana Secretary of Commerce Victor Smith. "This recognition is the latest validation of our efforts to make economic development efforts a top priority, building on Indiana's phenomenal strengths and winning new investment and career opportunities for Hoosiers."
Indiana's second place ranking is the state's highest finish in nearly 10 years. For 2012 performance, Texas ranked first, Indiana ranked second, Georgia ranked third, Tennessee ranked fourth and North Carolina ranked fifth.
This is the second ranking in less than a month in which the Hoosier State's economic development efforts have scored a top five finish nationally. Earlier this month, Chief Executive magazine ranked Indiana as the best place to do business in the Midwest and the fifth best nationwide in a survey of more than 500 chief executives.