North Carolina earns high ratings as the nation's "Top Business - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

North Carolina earns high ratings as the nation's "Top Business Climate"

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RALEIGH, NC (WECT) - Governor Bev Perdue announced Thursday afternoon that North Carolina ranked as the nation's "Top Business Climate," according to Site Selection Magazine as stated in a press release.

"North Carolina is a great place to do business and a place where companies and their employees can thrive," said Gov. Perdue.

"We have a long history of making critical investments in education and customized training programs to build the workforce of tomorrow. We have a low cost of doing business, we encourage innovation. Sec. Crisco and I and our regional, county and city partners have been very aggressive on recruiting companies to North Carolina and growing North Carolina's home grown small businesses," said Gov. Perdue.

Over the past year, executives from some of the world's most respected corporations chose to locate or expand in North Carolina.

"All states face economic and budgetary challenges these days, but this ranking reminds us that there are significant success stories, too," says Mark Arend, Site Selection Editor in Chief.

"North Carolina's first-place finish underscores its success across a wide spectrum of industries, from aerospace to life sciences to energy. We commend the governor and her economic development team for their focus on making and keeping their state business-friendly," said Arend.

According to the press release, Site Selection magazine's annual "Top Business Climate" rankings are based on quantitative and qualitative factors that corporate site seekers say they consider most important.

50 percent of the ranking comes from a survey of corporate site selection executives who ranked North Carolina number 2 and 50 percent of the ranking is based on five criteria, 3 that require states to demonstrate a strong record of attracting capital investment and the other 2 criteria are the Tax Foundation and KPMG's Location Matters analysis of state tax burden on mature firms and new firms, according to the press release.

You can find the article about North Carolina's number 1 ranking here: www.siteselection.com

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