Indiana rated more favorably for business costs

Indiana ranks 36th in this year’s annual “Cost-of-Doing-Business,” an index compiled by the Milken Institute, a California think tank. Last year, Indiana placed 33rd.

The ranking is a modest win for Indiana Gov. Mitch Daniels, who has focused much of his effort on lowering the cost of Hoosier business.

The index considers states’ costs of wages, tax burden, electricity, industrial rent and office rent.

Hawaii, New York and Alaska were the priciest states to do business, according to the list. South Dakota, Iowa and North Dakota were least expensive.

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