Indiana's business competitiveness: Where it ranks
Indiana ranks No. 8 in Forbes' 10th annual Best States for Business, up seven spots from last year. Indiana cracks the top 10 for the first time ever. The state's economy has fared better than most Rust Belt neighbors because Indiana's significant manufacturing base is dependent upon a highly skilled labor force. In 2012, the state made news after becoming the 23rd right-to-work state in the U.S. Indianapolis-based pharmaceutical giant, Eli Lilly, is the state's largest private employer. Indiana ranked first in the regulatory component of the Mercatus Center's, "Freedom in the 50 States."
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