Business

November 4, 2013

NC drops to No. 2 spot in survey of 'best business climate'

The annual ranking by Site Selection magazine moved North Carolina to No. 2. Georgia moves to No. 1. It's the second time this year the state has dropped in a ranking of business competitiveness.

North Carolina has dropped in yet another ranking of state business climates.

Georgia replaced North Carolina in the top spot in Site Selection Magazine’s list of Top Business Climates for 2013.

The magazine provides expansion planning information to 49,000 executives. Its annual rankings are based in part on tax burden; performance in a “new plant database,” which tracks new and expanded business facility activity; and a survey of corporate site selectors.

The survey asked, “Based upon your experience, what are the top 10 state business climates, taking into consideration such factors as lack of red tape, financial assistance and government officials’ cooperation?”

Using the survey answers alone, Texas ranked first, followed by South Carolina, North Carolina, Georgia and Florida.

This is the second survey this year that shows North Carolina losing ground in business competitiveness.

This summer it dropped from 4th to 12th place in a CNBC survey that ranked states’ business competitiveness based on various criteria, including cost of doing business, quality of life, education and access to capital.

A Forbes survey in September, offered slightly better news: ranking NC as the fourth best state to do business, the same ranking it had the previous year.

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