N.C. Ranks First in the Nation for Business Competitiveness
by CCED, on 6/13/16 10:56 AM
It was announced May 2 that for the second year in a row, North Carolina ranks first in the nation for business competitiveness.
The Site Selection magazine 2015 'Prosperity Cup' is one of several economic development performance measurements and is awarded based on ten factors of economic performance, including the total number of new and expanded facilities in the state, state tax climate, capital investment, and total number of new jobs created.
"This ranking confirms once again that North Carolina is an outstanding place to do business," said Governor McCrory. In the rankings, North Carolina was tied with Texas and followed by Tennessee, Kentucky and Georgia.
In recently released data from the U.S. Department of Commerce Bureau of Economic Analysis, North Carolina's Gross Domestic Product (GDP) posted the fastest increase in the United States, at 13.4 percent, since 2013, the fastest in the United States.
Conway Data's New Plant Database focuses on new corporate location projects with significant impact. New facilities and expansions included in the analysis must meet at least one of three criteria: involve a capital investment of at least $1 million, create at least 20 new jobs, or add at least 20,000 square feet of new floor area.
Image source: http://siteselection.com