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Forbes Magazine Ranks North Carolina Number One for Business

NC Leads Forbes’ List for Third Year

North Carolina leads Forbes’ Best States for Business list for the third year running, followed by Texas, Utah, Virginia, and Florida. 

Forbes has been rating the business climates of the 50 states since 2006, with only North Carolina (three times), Utah (six times), and Virginia (five times) ever claiming the top spot. The report looks at 40 metrics across six main categories: business costs, regulatory environment, economic climate, growth prospects, and quality of life. 

Our State Gets Top Marks in All Six Categories

North Carolina is the only state to place among the top 20 states in all six categories. It gets the highest marks for its regulatory environment, has the fourth-lowest business costs of any state, and ranks ninth for labor supply.

The #1 ranking came as no surprise to Davie County Economic Development President Terry Bralley, who said, “North Carolina has a terrific geographic location supported by great infrastructure with close proximity to the ports. We have great rail systems, great road systems, and an excellent business climate. We are working on regulatory reform and rolling taxes back to be more business-friendly. We have a great university system here in North Carolina, which has created a great workforce. North Carolina has a lot to offer and has worked hard to earn this spot.” 

“Davie County reflects exactly the same conditions Forbes has described for the state, which is encouraging during these uncertain times,” Bralley said. “This positive business climate will play a vital role in helping our state and community recover from the pandemic in the days to come.”