For the fourth year in a row, North Carolina has been named the state with the best business climate by Site Selection, an economic development magazine.
The magazine bases the rankings on surveys as well as quantitative and qualitative factors that companies consider when deciding where to expand or move. Mark Arend, the editor in chief, said readers were impressed by North Carolina's incentives, low taxes and receptive economic development department.
“I would add to that list the governor's commitment to retooling the state's work force, which companies in some key industry sectors took advantage of this year,” Arend added.
Those companies include Spirit AeroSystems, which announced this spring that it plans to open a manufacturing plant at the N.C. Global TransPark in Kinston; GE Hitachi Nuclear Energy Americas, which announced in April that it plans to expand at its 1,600-acre Wilmington campus; and Tessera Technologies, which announced plans in March to expand its Charlotte facilities, investing $30.6 million and creating 185 jobs.
To read the story, go to www.siteselection.com.