Forbes Once Again Ranks North Carolina one of the Best States for Business

State Ranks No. 4 in overall rankings; Ranks No. 2 in Best Business Costs

12/12/2012

[North Carolina Department of Commerce Editorial Staff]

For the third year running, North Carolina has ranked in the top 4 states on the influential Forbes’ Best States for Business list, published today (December 12, 2012).  In the full report on Best States for Business and Careers, North Carolina earned an overall ranking of No. 4, also ranking especially high on the following sub-factors that contribute to the overall rankings:

  • No. 2 Best Business Costs 
  • No. 3 Best Regulatory Environment
  • No. 3 Best Labor Supply


Governor Bev Perdue’s top priority is creating jobs.  Over the course of her term, the Governor has been committed to promoting the expansion of companies within the state, while also working with companies seeking to locate in North Carolina. The Governor’s JobsNOW program is a resource for individuals looking for employment or career change. It also provides information about expanding or creating a business in North Carolina.

North Carolina’s Gross State Product is ranked ninth in the nation at $424.9 billion.

In addition, North Carolina’s workforce is 36 percent more productive than the national average, based on research conducted by N.C. State economist Dr. Michael Walden.
 
Forbes’ rankings this year measured six vital categories for businesses: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life.  The publication factored in 35 points of data to determine the ranks in the six main areas.  Regarding North Carolina, Forbes' story made particular note of the state's labor costs that run 19% below the national average—third lowest in the country.

Read more: Forbes The Best States for Business

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Related links:
North Carolina's Financial Incentives
North Carolina is consistently recognized for its outstanding business climate
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