North Carolina’s business climate ranks first in the nation according to Site Selection Magazine.
Our state received the honor for the fifth consecutive year!
“The concentration of brainpower and research and development activity in North Carolina cuts across many disciplines, territories and institutions,” says Adam Bruns, managing editor of Site Selection. “Research parks, schools, companies and communities in the state have developed a real knack for working across boundaries, and it continues to pay off.”
The business-climate ranking is based on the number of new and expanded business facilities in each state as well a poll of corporate site selectors nationwide.
Site Selection’s survey of corporate real estate executives asked which factors are most important when making a location decision. Here were their top 10 responses:
- Availability of work force skills
- Ease of permitting and regulatory procedures
- State and local tax scheme
- Land/building prices and supply
- Availability of incentives
- Transportation infrastructure
- State and local economic development strategy
- Flexibility of incentives programs
- Higher education resources
- Union Activity
Govenor Bev Perdue said, “Business leaders know we are listening to them and working aggressively to meet their needs. Companies know that in North Carolina they will find top-quality talent, world-class infrastructure, a pro-business environment, and premier education institutions. North Carolina is simply a great place to do business.”
North Carolina was followed in order by Texas, Virginia, Ohio, Tennessee, South Carolina and Alabama.