INDIANAPOLIS | The decision by Republican state lawmakers to enact a right-to-work law earlier this year has improved perceptions of Indiana's business climate.
A recent study by Park Ridge, Ill.-based Pollina Corporate Real Estate Inc., of 32 state government factors affecting business climate determined Indiana is the fifth best state in the country for business and best in the Midwest.
Ronald Pollina, coauthor of the study, said Indiana's adopting right-to-work -- which prohibits a union and employer from agreeing to require nonunion employees pay fees for union services -- along with changes to Indiana's compensation program for injured workers and the addition of property tax caps to the state Constitution boosted Indiana's ranking.
The Hoosier state has advanced 18 spots over the past three years in the Pollina study. Illinois was ranked 48th this year, down 12 spots since 2010.
"Indiana's pro-business policies and solid fiscal house continue to earn national attention as a front-runner for new jobs and investment," said Dan Hasler, CEO of the Indiana Economic Development Corp., a state commerce agency. "Above all else, business climate matters and the pay-off for Hoosiers is new careers and opportunities."
The Pollina report is the fourth study over the past year to rank Indiana among the top 10 states for business climate.