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Site Selection magazine says NC has best business climate

North Carolina, the state with the fifth highest unemployment rate in the country, has the best business climate in the nation, according to Site Selection magazine.

It's the second time in three years the Tar Heel state has finished first in the magazine's rankings, which are based on a survey of corporate site selectors and various other criteria, including capital investment and tax burdens.

North Carolina edged out Ohio, which was followed by Texas, Georgia and Virginia. Nine of the top 10 states are in the South or Southeast.

North Carolina finished second to Texas in the survey of corporate site selectors, but beat out Texas and all other states when all factors were considered.

The ranking is yet another example of how North Carolina continues to pile up accolades about its economic competitiveness even while it struggles to create the necessary jobs to bring down its unemployment rate. 

The state's seasonally adjusted unemployment rate was 9.6 percent in September. The only states with a higher unemployment rate are Nevada, Rhode Island, California and New Jersey.

Read more here:

Texas finally edges out NC in Site Selection magazing rankings

Texas finally has unseated North Carolina as the state with the "top business climate," according to the latest executive survey conducted by Site Selection magazine.

North Carolina had held the top spot in the magazine's rankings for six straight years.

Executives lauded Texas for, among other things: Being a right-to-work state, no state income tax, fewer regulations, incentives programs, the state's willingness to challenge OHSA and the Environmental Protection Agency, and the available workforce.

Rounding out the top ten were: Georgia, Florida, Tennessee, Virginia, South Carolina, Ohio, Indiana and Alabama.

For more on the rankings go here.

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