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A Great Place to Grow: Indiana Ranked High

Monday, March 20, 2017

The recently published 21st annual Small Business Policy Index 2017 puts Indiana near the top thanks to a plethora of pro-business policies. 

Created by the Small Business & Entrepreneurship Council, a 501(c)(4) nonprofit advocacy and research organization whose stated mission is to protect small business and promote entrepreneurship, the Index ranked each state’s climate based on 55 policy measures. Criteria included taxes, regulations and government spending patterns, as well with consideration for economic growth, population growth and net domestic migration.

Indiana came in 7th this year, up three spots from 10th in 2016. Indiana is the highest Midwest state in the ranking. Contributing positive factors include “fairly low” personal income, individual capital gains tax, property tax and unemployment tax.

“The state has no death tax, the second lowest workers’ compensation cost burden, a fairly low level of state and local government employment, and a low level of state and local government spending,” reported the index. “Indiana is a right-to-work state, has no added minimum wage mandate and ranks best among the states in terms of productive education reforms.”

The top ten states according to the index are:

  1. Nevada
  2. Texas
  3. South Dakota
  4. Wyoming
  5. Florida
  6. Washington
  7. Indiana
  8. Arizona
  9. Alabama
  10. Ohio

The full report can be viewed at: http://sbecouncil.org/wp-content/uploads/2017/02/SBPI2017-21stEdition.pdf.

Raymond Keating, Chief Economist

Small Business & Entrepreneurship Council

631.909.1122

www.sbecouncil.org