Area Development, an economic development publication, recently released its 5th annual ranking of the top states for businesses. The top 10 states are: Georgia, Texas, South Carolina, Alabama, Tennessee, Louisiana, Indiana, North Carolina, Ohio, and Mississippi.
The annual Top States for Doing Business survey of site consultants, ranks the states based on their number of mentions by the consultants in three overall categories and 18 sub-categories. The three main categories are: business environment, labor climate, and infrastructure and global access.
Area Development Ranking Categories and Sub-categories:
Business Environment: overall cost of doing business, incentive programs, corporate tax environment, cooperative state government, access to capital and project funding, speed of permitting, most favorable regulatory environment
Labor Climate: availability of skilled labor, competitive labor costs, labor climate for right-to-work states, labor climate for non-right-to-work states, leading workforce-development programs
Infrastructure and Global Access: distribution and supply-chain hubs, rail and highway access, certified sites/shovel-ready programs, competitive utility rates, energy reliability and smart-grid deployment, water outlook, including availability and cost
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