Rep. Arnold: Indiana recognized for pro-business environment

Posted by: Peter Hoffman  | Tuesday, May 17, 2016

Helping to foster and maintain a friendly economic environment for business is an essential part of being a Hoosier lawmaker. From small businesses to large corporations, Indiana is a state that is known for our commitment to a strong economy. We recently received more great news about Indiana’s business-friendly approach.

Chief Executive magazine just ranked Indiana first in the Midwest and fifth in the nation as a state for doing business, advancing from No. 6 overall last year. The magazine’s “Best & Worst States For Business” ranking is based on surveys of more than 500 CEOs. The results of the 12th annual survey show that CEOs favor states with business-friendly tax and regulatory climates, quality workforces and desirable living environments, which includes a reasonable cost of living, strong educational opportunities and favorable state and local attitudes toward business.

In terms of tax and regulatory policy, Indiana was recognized among the top 10 in the nation. Following scheduled reductions, Indiana’s corporate tax rate decreased by one-half a percent for the fourth straight year, from seven percent to 6.5 percent. It will reach and remain at 4.9 percent by mid-2021. We all know Hoosier workers are among the very best this country has to offer. That fact is getting noticed more and more: CEOs ranked Indiana’s workforce quality among the top five in the nation.

Indiana’s dedicated workforce paired with our commitment to maintaining a welcoming business climate makes our state a national leader when it comes to economic growth. The ranking makes Indiana the only Midwestern state in the publication’s top five. Among neighboring states, Ohio ranked No. 10, Kentucky ranked No. 24, Michigan ranked No. 40 and Illinois ranked No. 48.

To build on our reputation and continue supporting Hoosier employers, the state now offers an online, one-stop portal serving those who are the driving force behind our economy and livelihoods. By visiting www.inbiz.in.gov, Hoosiers can register their businesses, file reports and request key corporate documents, such as a Certificate of Existence. INBiz is also home to other key resources, including tax registration, permits, trademarks, unemployment and veteran-owned business certification.

We are committed to continuing our support of policies that help our job creators succeed and employ more hardworking Hoosiers, while making it clear to entrepreneurs across the globe that Indiana is the best place to do business.

Please contact me with questions or input at 317-232-9793 or by email at h74@iga.in.gov. You can also learn more about the work being done on your behalf by signing up to receive my email updates at www.in.gov/h74.

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Rep. Arnold (R-Leavenworth) represents portions of Spencer, Dubois, Perry, Crawford and Orange counties.