Site Selection Names NC Most Competitive State
by CCED, on 5/28/15 3:31 PM
Site Selection magazine has named North Carolina its most competitive state for new plants in 2014.
North Carolina’s #1 ranking was based on its success in landing qualified projects and for total projects per capita, the magazine says. It goes on to praise the state's tax and workforce strengths.
Chris Chung, CEO of the Economic Development Partnership of North Carolina, is quoted as saying, “... corporate taxation in the state has steadily decreased, and that has put us in good favor with third-party arbiters like the Tax Foundation, which tends to be very good about assessing the strengths of each state’s tax climates. We’ve risen considerably higher as a result of some of these measured tax reforms over the past couple of years.”
As for workforce development, says Chung, “You’re looking at the state that really pioneered the practice of technical colleges and community colleges teaming up with local industry to figure out how to supply a steady pipeline of workers.”
Overall, the Southeast dominates the list, with North Carolina jumping to the top spot for fifth place in the previous year.
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