Indiana is pretty familiar with the Tax Foundation's Business Tax Climate Index. The index measures which state tax systems are the friendliest to businesses. We like their ranking because they like us. Indiana ranks 8th on their 2015 list. We hope that being so business-friendly will encourage business expansion in our state, leading to more jobs and higher pay.
If economic development is a familiar term to you, when you hear it you probably think of headlines announcing some new company coming to town, perhaps in the business park at the edge of town, and bringing much-needed jobs to your community.
Many communities play their own version of "keeping up with the Joneses," with a watchful eye on other cities and towns to see how they compare. Sometimes it's a formal process of benchmarking, tracking demographics and economic statistics to see how they stack up. In other instances, its simply envy when the community next door gets a shiny new plaything and your hometown doesn't.
If you've not heard Alicia Keys' soaring tribute to New York City, you need to. It's beautiful. It's a love song, really, a love song to her hometown. Keys, of course, isn't the first to write a song about a city. Not even the first one to sing about New York. Frank Sinatra told us if you could make it there, you could make it anywhere. He also had a soft spot for Chicago, crooning that it was his kinda town.