North Carolina ranked seventh for the second consecutive year on Site Selection magazine’s ranking of states awarded the most economic development projects in 2013.
Texas again finished first in the rankings, the third consecutive year it has done so. It was followed by Ohio, Illinois, Pennsylvania, Michigan and Georgia.
North Carolina’s seventh-place finish the past two years is a drop from its No. 4 ranking in 2011 and No. 6 ranking in 2010. In November, Georgia replaced North Carolina in the top spot in Site Selection’s list of Top Business Climates for 2013.
To be counted in Site Selection’s rankings, an economic development project must meet one or more of these criteria: a minimum capital investment of $1 million, 20,000 square feet of new construction, or creation of 50 or more jobs.
North Carolina had 223 qualifying projects last year, while Texas topped the list with 657.