Business

July 23, 2014

Raleigh ranked best place for business, careers by Forbes

Raleigh snagged the top spot on Forbes Magazine’s annual list of the best places for business and careers.

Raleigh snagged the top spot on Forbes Magazine’s annual list of the best places for business and careers.

This isn’t the first time the state’s capital has occupied first place on the list. Raleigh was the best place for business nationwide in 2011 and from 2007 to 2009. The city ranked third last year.

The list, released Wednesday, is generated by an economic research firm analyzing U.S. Census data and the input of demographer Bert Sperling. Analysts rank 200 metropolitan areas in the country from best to worst, evaluating factors such as jobs, cost of living and doing business, income growth, quality of life and education.

Fueling the decision was Raleigh’s high number of college-educated residents, the city’s proximity to Research Triangle Park and fewer regulations for small businesses.

Raleigh is followed by Des Moines, Iowa, with Provo, Utah, coming in third. Raleigh is also the only East Coast city on the list’s top 10 slots. Charlotte is ranked 12th.

Among the worst places to work are Hickory, N.C., and Atlantic City, N.J.

Hickory has had a dismal job market, with the third-highest unemployment on the list in the past five years. Atlantic City, a previously popular tourist destination for gamblers, has experienced a significant decline in its casino industry.

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