We're #1 -- Again!
Score another major trophy for North Carolina.
The state's business climate is ranked the best in the nation by Site Selection magazine for the fifth year in a row--and the eighth of the last nine years.
The magazine's cover shows hot-air balloons floating in a blue sky, with the balloon identified as NC 001--the largest, front and center.
A promo line for the cover story explains it all, saying, "Commerce and curriculum are a natural match in North Carolina, which tops the business climate rankings yet again." North Carolina's stellar university infrastructure and its balance of reasonable taxation won the day, according to the publication.
A scoring system used by the magazine's editors allowed the Old North State to come out ahead of Texas in the November cover story.
Overall, key contributors to the win include the state's tax climate, work force, incentives and economic-development strategy, non-union environment (with the nation's lowest rate of union membership), utility infrastructure and legal and regulatory environment.
See the Site Selectors' Toolkit from the NC Department of Commerce.