Magazine: N.C. has best business climate
Published: Mon, Nov. 03, 2008 01:28PM
Modified Mon, Nov. 03, 2008 01:31PM
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closeRALEIGH -- North Carolina once again has the best business climate in the country, according to new rankings from a prominent economic development industry publication.
For the fourth year in a row -- and seventh time in eight years -- North Carolina received top honors from Site Selection magazine for its ability to lure companies. The rankings were released today.
The rankings are based on a survey of consultants who help businesses decide where to put operations combined with quantitative measures of states' actual success in luring expansions.
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"Corporate executives know North Carolina is listening to them and we understand what they need to succeed," Gov. Mike Easley, who is featured on the magazine's cover this month, said in a statement.
The magazine's editor, Mark Arend, said those surveyed cited financial incentives, low taxes and an effective economic development team as keys to North Carolina's success.
Among the state's most prominent recruiting victories in the past year were Spirit AeroSystem's decision to build an aircraft manufacturing facility in Kinston that will create more than 1,000 jobs and GE Hitachi's expansion near Wilmington that will add 900 jobs at a plant that makes equipment for nuclear energy generation.
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