Indiana's business climate ranking slid out of the top 10 nationally, according to Site Selection Magazine.
The state fell to 13th this year from 10th last year in an annual study released by the Atlanta-based trade publication for economic development professionals. The rankings are based on a survey of corporate real estate executives and data that the magazine tracks, including the number of new or expanded facilities with more than $1 million in investment, 50 or more jobs and 20,000 or more square feet.
Half of the ranking reflects the opinion of corporate site selectors, while the other half is based on the number of new plants, the level of business taxes and other metrics. Site selectors said they looked most this year at transportation infrastructure, ease of permitting, workforce skills and real estate prices when choosing where to locate businesses.
Indiana's executive survey rank slipped to 11th from seventh last year, and its competitiveness rank dropped to 15th in 2014, down from second nationally in 2013. The number of large new plants per capital plunged to 29th nationally after placing 12th in 2013. The Hoosier state may however fare better in next year's rankings, since it's fifth nationally in large new plants landed so far this year.
Georgia repeated as the state with the top business climate.