North Carolina Named "Best State for Business 2017" by Forbes
by Think Currituck, on 11/29/17 9:51 AM
Publication's annual list confirms North Carolina as the overall best pro-business state in the nation for big business, small business and entrepreneurs
It finally happened.
After 12 years bouncing around in the top five of Forbes magazine's annual list of the best states for business, North Carolina has claimed the top spot.
On its website, Forbes explained that part of what helped North Carolina rank as "The Best State for Business 2017" was our "improved employment outlook and the second lowest business costs (labor, energy and taxes)."
They continued to praise NC by mentioning that migration rates into the state are among the highest in the United States annually and wrote that "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."
Forbes compiles the list by assessing states in six categories: business costs, labor supply, regulatory environment, economic climate, growth prospects and quality of life.
According to the publication, North Carolina is also "the only state to rank among the top 20 states in all six categories."
In addition to riding high at the top spot overall, North Carolina ranked impressively in individual categories, including:
2nd in Business Costs
11th for Labor Supply
9th for Regulatory Environment
18th for Economic Climate
10th for Growth Prospects
16th for Quality of Life