Kokomo Tribune; Kokomo, Indiana

Business

July 6, 2014

Marcus: A new ranking of the states

The same day Gov. Pence held his tax circus (conference) last week, CNBC (the cable business channel) released its ranking of “America’s Top States for Business.”

These rankings compare the states on 56 measures of competitiveness grouped into 10 broad categories. CNBC had “input from business groups, economic development experts, companies and the states themselves.” The categories were weighted by “how frequently they are cited in state economic development marketing materials. That way, [the] study ranks the states based on the criteria they use to sell themselves.”

Indiana ranked 19th among the 50 states in attractiveness to business. That’s pretty good. Georgia led the pack and Rhode Island was last. Ohio and Wisconsin ranked higher than we did, but Michigan, Illinois and Kentucky trailed us.

The details tell the story best. Of a possible 2,500 points, we accumulated 1,384 or 55 percent. Our best showing was in cost of living: 88 percent based on 44 of 50 points. We score well on cost of living because we have low wages and, consequently, low housing prices.

Our next most favorable category was business friendliness where we garnered 150 of 200 points (75 percent). Businesses like a light touch of regulations imposed by the state and “the perceived friendliness of legal and tort liability systems.”

Our third most favorable factor was transportation and infrastructure with 240 of 300 points (69 percent). Obviously, the study did not include any recent pothole metrics. Our transportation and infrastructure prominence is due to our location and the heavy spending done by the federal government to support us.

The fourth element of 10 was education. Test scores and the trend of financing higher education gave us 92 of 150 points or 61 percent.

Next, the cost of doing business came in at 59 percent, or 264 of 450 points. This is the heaviest weight in the study, including business taxes, utility charges and rents for commercial property.

Text Only | Photo Reprints
Business
  • Full appeals court upholds labels on meat packages WASHINGTON (AP) — A federal appeals court has upheld new government rules that require labels on packaged steaks, ribs and other cuts of meat to say where the animals were born, raised and slaughtered. The meat industry has attempted to block the rul

    July 29, 2014

  • Debt Study [Duplicate] Study: 35 percent in US facing debt collectors WASHINGTON (AP) — More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute. These consumers fall behind on credit cards or hospital bill

    July 29, 2014 1 Photo

  • US companies increasingly fish for growth overseas SAN FRANCISCO (AP) — Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home. Technology trendsetters Apple Inc., Google Inc., Facebook Inc. and Netflix Inc. all mined foreign countries to prod

    July 28, 2014

  • BIZ - KT072714 Pizza Junkiez expansion - pic Pizza Junkiez opens second location When Jason Julius created Coffee Junkiez 10 years ago, he set out to establish a successful business by thinking outside the box to compete with the big box stores. He’s now doing the same thing with pizza, and finding similar success with Pizza Junk

    July 27, 2014 1 Photo

  • CORRECTION Fast Food Workers Convention-3 [Duplicate] Fast food workers prepare to escalate wage demands CHICAGO (AP) — Fast food workers say they're prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers will discuss the future of the effort th

    July 25, 2014 1 Photo

  • Resilient Stocks [Duplicate] Global tensions don't dent enthusiasm for stocks A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. A Portuguese bank's finances look shaky. And the U.S. stock market's response? After dipping briefly on the bad news, it climbs higher. The market's resilience

    July 25, 2014 1 Photo

  • Earns General Motors [Duplicate] GM profit 2Q falls 85 pct. on recall costs DETROIT (AP) — Recall costs chopped $1.5 billion from General Motors' bottom line in the second quarter, cutting its net income by 85 percent. The automaker, which is in the midst of the worst recall crisis in its history, posted a net profit of $190

    July 24, 2014 1 Photo

  • China McDonald's KFC [Duplicate] Boss of company in China meat scandal apologizes BEIJING (AP) — The chairman of an American meat supplier apologized Thursday for a Chinese subsidiary that is accused of selling expired beef and chicken to restaurants including McDonald's and KFC. Fast food chains in China suspended use of products

    July 24, 2014 1 Photo

  • IMF sees US growth at weakest since recession WASHINGTON (AP) — U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter. But the global len

    July 23, 2014

  • Wall Street [Duplicate] US stock slip to start the week; Six Flags sinks NEW YORK (AP) — The stock market drifted lower to start the week as more companies lined up to post their quarterly earnings. Mounting tensions between Russia and the West over the downed plane in Ukraine also occupied investors' attention. KEEPING S

    July 21, 2014 1 Photo

Latest news
Featured Ads
Only on our website
AP Video
Raw: Japanese Soldiers Storm Beach in Exercises Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA Two Women Narrowly Avoid Being Hit by Train In Virginia, the Rise of a New Space Coast New Sanctions on Key Sectors of Russian Economy Crayola Announces Family Attraction in Orlando US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries
Poll
Kelly Lafferty's video on Tom Miller