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North Carolina Ranks #1 Business Climate

November 4th, 2009

Site Selection MagazineThe Economic Development magazine, Site Selection, has ranked North Carolina as the No. 1 state in the nation for “business climate”. The other top 4 in order were Texas, Virginia, Ohio, and Tennessee. Said about North Carolina …

“Commerce and curriculum are a natural match in North Carolina, which tops the business climate rankings yet again.”

 

Factors which contributed to this honor were the presence of numerous institutions of higher learning and their integration into (and partnership with) local industry.

Rising companies in North Carolina that are part of the growing economic momentum are Siemens Energy, Cree, and Deutsche Bank. Research Triangle Park (commonly referred to as North CarolinaRTP) has continued to move onward and upward with the highest per capita number of PhD’s in the country.

According to the Site Selection article, Research Triangle Park has distinguished itself as one of the most successful business incubators in the country spinning off some 1500 successful companies. RTP is situated among three leading universites: Duke, UNC – Chapel Hill, and North Carolina State. These three rank in the top 50 academic institutions out of the country’s 679 major colleges & universities.

Adding to North Carolina’s #1 designation is a thoroughly developed commerce & technology infrastructure that readily connects North Carolina with the rest of the world. High technology has found a home in North Carolina and is an essential component of the future.

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