North Carolina Heads The Best States For Business 2017
Some great press for North Carolina - and just another reason why Prudent Growth Partners is primarily investing in our home state!
From the article:
North Carolina has built one of the country’s strongest business climates over the past two decades, fueled by low business costs, incentives and a young, educated workforce, many of whom have been trained at the strong universities in the state and Research Triangle Park. Migration rates into the state are among the highest in the U.S. annually. The Tar Heel State is the only one to rank among the top five on FORBES’ Best States for Business for 12 straight years, but it never reached the top rung until now.
An improved employment outlook and the second lowest business costs (labor, energy and taxes) have propelled North Carolina to first in our annual ranking, a spot previously only attained by Utah and Virginia since we launched the list in 2006. ...
Another plus for North Carolina: the second smallest union workforce in the U.S. in terms of percent of total employment (South Carolina is first). The resulting benefit is labor costs that are 10% below the national average and fifth lowest in the country.
To come up with our list, we assess states across six broad categories: business costs, labor supply, regulatory environment, economic climate, growth prospects and quality of life. North Carolina is the only state to rank among the top 20 states in all six categories (click here for a detailed methodology).