State slips in key business ranking
After several years atop Site Selection magazine's state business climate rankings, North Carolina has fallen to second place in 2013.
Posted — Updated
North Carolina has led the annual rankings for 10 of the past 12 years.
The article that accompanies the rankings specifically cites Georgia's economic development efforts, logistics infrastructure and low energy costs.
The magazine's annual ranking reflects a survey of the nation's top corporate site selectors and corporate real estate executives.
According to the magazine, the executives surveyed said their most important 2013 criterion was the state's existing workforce. Second most important was transportation infrastructure. State and local taxes were third on the list.
Permitting and regulatory procedures, often blamed by state leaders for North Carolina's high jobless rate, ranked only sixth on the list of criteria in 2013. And incentives, often lauded as crucial for job recruitment, ranked only seventh.
Related Topics
• Credits
Copyright 2024 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
