[r32] Indiana ranked 5th in the nation (5/9/2012)

Wednesday, May 9, 2012

Start Date: 5/9/2012 Start Time: 12:00 AM
End Date: 5/9/2012

In a report released last week, Indiana was ranked as the best place to do business in the Midwest and the fifth best nationwide in a survey of more than 500 chief executives by Chief Executive magazine. To see the full magazine article click here.

This recent ranking is the latest of a series of accolades for Indiana’s business climate. Indiana was ranked 6th in the nation for its business climate according to Site Selection magazine published in Sept. 2011 and Indiana is one of 9 states that now have a triple-A credit rating from all 3 agencies as reported by Standard & Poor’s, Fitch, and Moody’s.

So what does this mean for Hoosiers?

This means more jobs for Hoosiers. A growing business climate enables employers to come to the state to do business or expand existing business which brings job openings to Hoosiers. Indiana is outpacing the nation in job growth and has seen private sector jobs grow by 5.3 percent since the 2009 low point of employment in the state, compared to the growth of 3 percent nationally. Below is a list of jobs projected by year:
                        
• 2012
8,801 private sector jobs projected and $1.5B in capital investment

• 2011
19,080 private sector jobs projected and $2.68B in capital investment

• Since 2005
1,311 businesses have projected to create 149,760 jobs and invest $29.3B in their Indiana operations since January 2005