North Carolina Was Just Ranked ‘The Best State For Business’ for 2018

734

Forbes has just released their ranking of “The Best States For Business 2018” and the Tar Heel state landed on top…for the second year in a row.

To determine the ranking, Forbes crunched the numbers on 41 metrics across six main categories, including; business costs, regulatory environment, economic climate, growth prospects, and overall quality of life. North Carolina was the only state in the nation to rank in the top 12 in all 6 categories (click here for their full methodology).

Some of the most significant factors in our #1 ranking included our state’s labor, energy and tax costs being the second lowest in the country, and our 3% corporate tax rate, which is currently the lowest in the country.

We also feature one of the highest educated labor supplies in the country, with a steady supply of graduates from 53 colleges and universities, including top-ranked Duke University, UNCC, and Davidson.

Here is the top 10 list of the best states in America for business, along with their ranking in each of the 6 major categories:

Rank State Business
Costs
Rank
Labor
Supply
Rank
Regulatory
Environment
Rank
Economic
Climate
Rank
Growth
Prospects
Rank
Quality of
Life
Rank
Population
#1 North Carolina 2 11 8 12 10 12 10,273,400
#2 Utah 22 2 4 8 5 17 3,101,800
#3 Texas 3 13 25 3 1 9 28,304,600
#4 Virginia 28 3 1 27 16 1 8,470,000
#5 Nebraska 8 19 2 20 19 11 1,920,100
#6 Georgia 20 14 7 5 9 24 10,429,400
#7 Florida 35 14 9 4 2 13 20,984,400
#8 Colorado 40 1 21 2 7 21 5,607,200
#9 Washington 21 4 31 6 3 32 7,405,700
#10 Minnesota 38 7 19 11 20 3 5,576,600

 

North Carolina’s future is also looking very promising – our population is growing at twice the national average, and our job growth and GSP growth is expected to rank among the best in the nation over the next 5 years.

What are your thoughts on North Carolina’s business climate in 2018 and beyond?

Comments

comments