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Indiana ranked fifth nationally in Chief Executive Group s 2020 Best & Worst States for Business.
The Connecticut-based publisher of Chief Executive magazine surveyed hundreds of CEOs from around the country about where they liked and disliked doing business.
Indiana ranked behind Texas, Florida, Tennessee and North Carolina. The Hoosier state also came in fifth in 2019 and 2018. While manufacturing remains a strong driver in the Hoosier state, Indiana is striving to diversify its economy with a greater focus on innovation and tech, Chief Executive magazine noted. ActiveCampaign, eHealth and Zotec recently set up new operations in the state.
Founded last May, the state-run program has provided $34 million in working capital to small business owners and entrepreneurs thus far. Indiana received more federal funds from the CARES Act to keep the program going.