North Carolina Tops List Of States With Best Business Climate

A new survey ranks North Carolina at the top of states with the best climate for attracting business. 

North Carolina tied with Georgia for first place in Site Selection magazine's top 10 state business climates in 2020. The Tar Heel state was ranked second last year.

The magazine surveys corporate officials about what states appear most attractive as potential sites to invest in.

The results are based on several factors, including how easy it is to conduct business and the potential cost of property taxes.

The News & Observer reports both North Carolina and Georgia were praised for merits including population growth, workforce development, incentive programs, attractive tax climates, and large pools of job talent.

State officials credit recent successes in part to a special economic development program that was initially deployed in a bid to attract Apple.

There is also a new grant classification in a state program aimed at companies that invest more than $1 billion and create more than 3,000 jobs.