Wednesday, 28 February 2018 13:28

North Carolina Finally Named Number One State for Business in U.S

One of the most respected names in money analysis, Forbes, has had one constant among the top 5 in their yearly poll listing the “Best State for Business” over the course of the past decade and that has been the state of North Carolina. After last years’ poll brought them up to number two, finally, with the year end results recently released for 2017, the Tar Heel State was named to the top of this prestigious list as the Best State for Business in the U.S.

Giving accolades to the strength of the business climate state wide in their article at forbes.com detailing the Best State for Business in the U.S. rankings, Kurt Badenhausen noted, “North Carolina has built one of the country’s strongest business climates over the past two decades, fueled by low business costs, incentives and a young, educated workforce, many of whom have been trained at the strong universities in the state and Research Triangle Park.”

The Forbes columnist continued his explanation on NC finally reaching the top spot among the Best Places for Business in the U.S., saying, “Migration rates into the state are among the highest in the U.S. annually. The Tar Heel State is the only one to rank among the top five on FORBES’ Best States for Business for 12 straight years, but it never reached the top rung until now.” He added, “An improved employment outlook and the second lowest business costs (labor, energy and taxes) have propelled North Carolina to first in our annual ranking, a spot previously only attained by Utah and Virginia since we launched the list in 2006.”

To arrive at the annual Best Places for Business in the U.S listing, it was explained in this article that the experts at Forbes assess the states focusing on six man categories: business costs, labor supply, regulatory environment, economic climate, growth prospects and quality of life.  For full details on North Carolina being named to the list and the full listing of the Best Places in Business in the U.S. visit forbes.com.