Indiana was ranked the sixth-best state for business, according to a recent survey by Chief Executive magazine.
Five hundred CEOs nationwide participated in the 10th annual Best & Worst States for Business Survey. CEOs based their rankings on factors which they believe are important for businesses, such as tax and regulatory measures, the quality of the workforce and the quality of the living environment.
The Hoosier state earned its ranking because of several tax cuts and the right-to-work law, which promotes a worker’s right to not be part of a union. Indiana also employed 60,000 workers in more than 2,000 biosciences facilities with concentrations in four of five major sectors in the biotech industry.
“Indiana rocks. Having strong government leadership and a balanced budget trickles down to decisions that affect the business environment,” said one unnamed CEO on Chief Executive’s website.
Texas held on to its position as the overall best state for business for the 10th year in a row, followed by Florida. The survey ranked California, New York and Illinois as the worst states for business.
For further details on how different states rank in the 2014 Best & Worst States for Business survey, visit Chief Executive’s website.