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Indiana is once against tops when it comes to business.

The Hoosier State is on Forbes Magazine‘s 2013 list of the best states for business. Indiana has consistently been on the list, but has tumbled to 16th this year.  The study ranks states using six factors: costs, labor supply, potential growth, quality of life, government regulations and current economic climate. Virginia tops the list.

University of Indianapolis‘ Dr. Matt Will says caps on the property tax, efforts to get rid of the corporate income tax, elimination of the inventory tax and the ease of business creation in Indiana all make the state tops for business.

Will says he believes Indiana should be higher on the list.  He says Indiana‘s corporate law rivals Nevada and Delaware when it comes to business creation.