Forbes magazine ranks North Carolina as the No. 3 state for business, up from No. 5 a year ago.
In Forbes’ latest ranking, North Carolina is rated third for business costs and its regulatory environment.
Quality of life? Not so much. North Carolina is 32nd among the states.
State recruiters and economic developers use such lists to promote the state as they seek to attract new business or expansions.
“There’s nothing I love more than convincing a corporate executive of what a great place this is to live and work,” Gov. Bev Perdue said in a prepared statement touting the Forbes list.
She pointed out that the state has attracted commitments for 30,000 new jobs and $5.6 billion in investments since last year. Perdue is eager to emphasize positive news to offset criticism that she’s not doing enough to stimulate the state’s economy.
Utah is No. 1 on the Forbes list, followed by Virginia. North Carolina is followed by Colorado and Washington. The list is calculated using factors critical to business: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life.
Read the full Forbes report here.