North Carolina as # 2 Best State for Business

North Carolina as # 2 Best State for Business according to Forbes

“”Still, Gov. Pat McCrory’s office hailed the Forbes report……

“This ranking is further affirmation that our pro-growth economic policies and excellent business climate have once again made North Carolina a top destination for jobs,” McCrory said in a statement. “Our economy continues to outperform the nation as we are home to the most improved tax climate in the country and have added more than 300,000 new jobs since 2013.”

Forbes points out that the state “is the only state to appear in the top five of our Best States study every year” since launch 11 years ago.

McCrory’s office also pointed out that North Carolina ranked highly in two other economic development surveys:

No. 2 in Site Selection magazine
No. 3 for business climate in Chief Executive Magazine….

…What’s driving growth?

“Foreign direct investment has fueled much of North Carolina’s high-tech job growth, with $2.7 billion and 5,300 jobs generated from FDI in 2015, according to North Carolina Commerce Secretary John Skvarla, who says the state is on track to top those numbers this year,” Forbes says.

The magazine also notes that N.C.”has the second smallest union workforce in the U.S. in terms of percent of total employment [behind S.C.]The resulting benefit is labor costs that are 11% below the national average—fourth lowest in the country.”” excerpt from the Forbe article.

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