As economic uncertainty shakes up the country’s corridors of power in Washington, D.C., Indiana remains firmly on the ground as one of the best states for business. Midwestern values, work ethic and strong leadership contribute to the Hoosier state’s continued recognition as a bright spot in the business world.
Just last month, Indiana ranked in the top 20 on CNBC’s list of America’s Top States for Business 2021. And for the sixth year in a row, Chief Executive magazine placed it high on its list, in the number five slot.
With tax incentives, low tax rates and a business-friendly state government, Indiana has an environment in which businesses can easily thrive. In fact, three big ones — Amazon, Apple and Toyota — recently announced plans to collectively invest more than $1 billion in centers across Indiana, creating nearly 3,000 jobs for Hoosiers.
In addition to this, Rolls-Royce is collaborating with Purdue University to construct three new testing facilities, thus opening doors for jobs and local economic growth. And the pharmaceutical company Elanco is building a new global headquarters in downtown Indianapolis, which is part of a $300 million investment expected to create more than 570 jobs over the next 10 years.
As Governor Eric Holcomb said in an interview with Inside INdiana Business: “Hope is alive, and the dirt is turning.” Let’s not forget that as we continue to adapt to COVID and economic changes over the next few months. Indiana is working toward a bright financial future, and it continues to stand tall with its steady reputation as a great place to do business.
With all the many challenges we face day to day, we are fortunate as Hoosier businesses to be located in a favorable commercial environment that is accretive to the value of our enterprises.