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19. Indiana

The Hoosier State offers a well-developed infrastructure and a welcoming regulatory climate. But pollution hurts the state’s quality of life, and access to capital is limited.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 264 21 26
Workforce 142 27 (Tie) 27
Quality of Life 85 44 39
Infrastructure & Transportation 240 7 5
Economy 210 30 32
Education 92 15 (Tie) 13
Technology & Innovation 150 25 24
Business Friendliness 150 11 (Tie) 10
Cost of Living 44 7 (Tie) 6
Access to Capital 7 37 (Tie) 25
Overall 1384 19 18

Economic Profile

Governor: Mike Pence, Republican

Population: 6,570,902

GDP growth: 2.1 percent

Unemployment rate (May 2014): 5.7 percent

Top corporate tax rate: 7 percent

Top individual income tax rate: 3.4 percent

Gasoline tax: 59 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: Wal-Mart

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Indiana FY 2013 CAFR

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