Site Selection Magazine Calls North Carolina Nation’s Best Place for Companies to Thrive

North Carolina Rated #1 Best Business Climate, Tops Executive Survey.


[North Carolina Department of Commerce Editorial Staff]

North Carolina is home to the nation’s Top Business Climate for 2010, according to the November 2010 issue of Site Selection magazine. For the ninth time in the last 10 years, Site Selection has awarded this distinction to the Tar Heel State. This year North Carolina also ranked first in the Executive Survey.

Site Selection’s ranking process is based on research, part of which is taken from a survey of corporate real estate executives. Half of the final score North Carolina #1 Best Business Climateis based on performance in Conway Data’s New Plant Database, which tracks the activity of new and expanded business facilities. The second half of the tally is derived from a survey of corporate site selectors from across the nation. Site selectors ranked the factors most important to them when choosing a location for a new business facility and the top three factors for 2010 are workforce skills, transportation infrastructure and state and local tax schemes. The conclusion: North Carolina’s overall climate for capital investment is the best in the country.

According to the research results, North Carolina’s strengths include its extensive higher education resources, workforce training initiatives, moderate climate and transportation infrastructure, which includes extensive sea, rail and highway assets.

Another factor, according to Site Selection, is the proactive approach of Gov. Bev Perdue to business recruitment.

“All states face economic and budgetary challenges these days, but this ranking reminds us that there are significant success stories, too,” says Site Selection Editor in Chief Mark Arend. “North Carolina’s first-place finish underscores its success across a wide spectrum of industries, from aerospace to life sciences to energy. We commend the governor and her economic development team for their focus on making and keeping their state business-friendly.”

“People across the state and many businesses around the country know that I’ll take any call and go anywhere to bring a business to our state or expand a business or create a small business in North Carolina,” said Perdue. “We have been very aggressive, and that has paid off.”

Site Selection Magazine’s Top 10 State Business Climates 2010

1. North Carolina
2. Tennessee
3. Texas
4. Virginia
5. South Carolina
T6. Georgia
T6. Ohio
8.  Indiana
9.  Louisiana
10. Alabama

Executive Survey Business Climate Rankings 2010

1.  North Carolina
2.  Texas
3.  Georgia
4.  Tennessee
5.  South Carolina
6.  Florida
7.  Louisiana
8.  Virginia
9.  Alabama
10. Arizona

Related links:
North Carolina’s Comparative Rankings
“N.C. Ranked 3rd by Forbes for Best States for Business”
“Raleigh-Cary #7 Best-Performing City”