NORTH CAROLINA NAMED NATION’S ‘TOP BUSINESS CLIMATE’ FOR 5th CONSECUTIVE YEAR
North Carolina remains the state with the “Top Business Climate,” according to Site Selection magazine. It is the fifth year in a row and the eighth time in nine years that the state has taken the top honor in the annual ranking by Site Selection, one of the nation’s premier magazines for economic development.
Terry Bralley, President of the Davie County Economic Development Commission notes that “recent developments in Davie County, including the Townsend expansion, the world-class event center planned for Kinderton by Sterling Events, and the opening of Interstate Business Park with Wake Forest University Health Sciences Dialysis Center and Sherwin Williams prove that a talented work force, well developed infrastructure and professional state and local leadership work together to create a successful business environment in Davie County, North Carolina.”
Site Selection magazine’s annual “Top Business Climate” rankings are based on quantitative and qualitative factors that corporate site-seekers – those who help companies expand or relocate – say they consider most important. Fifty percent of the ranking comes from a survey of corporate site selection executives who were asked to rank their top 10 states, and 50 percent is based on four measures of new plant activity as tracked by Site Selection in its “New Plant Database.” The magazine describes the ranking process as “a blend of objective, actual new or expansion project announcements, and subjective input from corporate site seekers.”