The study analyzes several data sets, including the selling points states use to try and attract businesses.
Indiana had its largest decrease in the unemployment rate in more than 20 years in April, falling from 5.8 to 5.4 percent.
A new study shows Indiana's tax burden for businesses stood at 7.5 percent in 2013.
Tuition is going up at ISU; a report shows Indiana has one of the slowest-growing economies in the country. Read more in our morning roundup.
Indiana is hoping to attract more business from companies located in Connecticut, which recently approved a $1.5 billion tax increase.
IDWD spokesman Joe Frank says the state has gained nearly 14,000 manufacturing jobs and 50,000 total private sector jobs in the past two years.
Gov. Pence's proposed budget kept nearly 13 percent of state revenue in reserve. But in their budget proposal House Republicans kept reserves below 12 percent.
An international business site called Invest Indiana aims to make the state more business friendly.
Twenty-nine states and the District of Columbia now have a minimum wage higher than the federal minimum, but the chances of Indiana following suit aren't great.
The move will enable the company to expand production of its eight-speed transmission vehicles.