Indiana is the best place to do business in the Midwest and the fifth-best nationwide according to a survey by Chief Executive magazine of more than 500 chief executives.
The magazine's ninth annual Best & Worst States survey asked CEOs to evaluate states based on business tax policies, regulation, workforce quality and livability factors.
"On the heels of the largest state tax cut in Indiana history, this ranking is validation of the work we have done since day one to make Indiana the top jobs state in the country," said Gov. Mike Pence in a statement issued by the Indiana Economic Development Corp. Tuesday morning. The IEDC acts as the state's department of commerce.
"With our talented workforce, solid fiscal house and robust infrastructure, the Hoosier State's job creation efforts are receiving national attention," Pence said. "Chief executives know that Indiana is one of the few states that actually works for business."
Indiana's fifth-place ranking makes it the only Midwestern state in the publication's top five.
Illinois ranked last in the Midwest and 48th nationwide.
Chief Executive magazine is a bi-monthly publication for top management executives published by the Chief Executive Group LLC. Founded in 1977, the Chief Executive Group LLC is headquartered in Greenwich, Conn.