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

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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?

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