A survey of 650 company leaders rated Indiana as the best place to do business in the Midwest and the fifth-best nationwide, according to Chief Executive magazine.
The CEO ratings were part of the magazine's annual Best & Worst States survey, which measures executives' evaluation of states' regulations, tax policies, workforce quality, educational resources, quality of living and infrastructure.
Survey results were released Wednesday. The survey was conducted between Jan. 24 and Feb. 26.
Texas was rated as the best place to do business for the eighth consecutive year. California was rated the worst place for business. Two of Indiana's neighbors, Michigan and Illinois, ranked No. 46 and No. 48, respectively.
Dan Hasler, Indiana's secretary of commerce and chief executive of the Indiana Economic Development Corp., said the survey results are more positive recognition of the state from economic development professionals.
"Chief executives across the nation are taking notice of our skilled workforce, fiscal stability and business-friendly policies and recognize Indiana as one of the most attractive states in the country for business," Hasler said in a statement.
The CEOs commended Indiana's tax policy and regulations, workforce quality, and living environment in their ratings.
Full survey results are available at http://chiefexecutive.net/best-worst-states-for-business-2012 .