(Undated) - The Forbes magazine "Best States For Business And Careers" list puts Indiana at number 29 out of 50 states.
The ranking is one spot better than last year's of 30th in the same list put out annually by the business publication.
Six categories were used to determine the order - business costs, labor supply, regulatory environment, economic climate, growth prospects and quality of life.
Indiana’s best showing was in the business costs category where it came in at number ten. The Hoosier state was towards the bottom for economic climate at 48.
Utah is ranked the best overall state for business. Ohio was 38 with Kentucky checking in at 31.
Indiana performed better in a similar feature in Area Development magazine, where it was sixth in the nation for business climate and best in the Midwest.
"Indiana's low-cost, pro-business environment has put us at the top of the list for private-sector job growth this year and now is bringing the state more national attention," said Mitch Roob, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation.