Despite the impact of COVID-19, Indiana still stands tall as one of the best states for business. For the fifth year in a row, Chief Executive magazine recently ranked the Hoosier state near the top at the number five spot.
Although manufacturing reigns supreme here, Indiana strives to diversify with a stronger focus on innovation and technology, welcoming such companies as ActiveCampaign, eHealth and Zotec.
Indiana boasts many tax incentives for businesses, along with low tax rates, business-friendly state government and prudent fiscal responsibility — all of which make the state a great place to start and grow a business.
So, as you can see, it makes sense that Indiana was listed in Business.org’s list of the 15 Top States with Most Business-Friendly Taxes. In addition to Chief Executive, Indiana ranked number 11 in CNBC’s 2019 America’s Top States for Business and Forbes’ 2019 Best States for Business.
While 2020 business lists are still upcoming, the recent Chief Executive ranking should provide much encouragement during this time of economic uncertainty. We can’t forget the strength of Indiana’s financial foundation amid the current chaos. Although COVID-19 is taking a toll, it’s important to remember that we live in a state well-equipped to recover and keep business booming.