Georgia named top state to do business third year in a row
(MONDAY, SEPT. 19, 2016) – According to a survey of site selection consultants by Area Development, a leading corporate site selection and relocation magazine, Georgia is the best state in the nation to do business. The Peach State has held the top spot for the past three years.
“Once again, Georgia has been named the top state for business, reflecting our success in growing Georgia’s thriving economic environment,” said Georgia Governor Nathan Deal in a press release on Monday, Sept. 12. “In the last year, global manufacturers, innovative technology companies, film companies, growing small businesses, international firms and industries of all kinds decided to open operations in Georgia, creating hundreds of thousands of jobs for families and investing millions in our communities. With our economic and workforce development initiatives, Georgia leads the way in providing a business-friendly environment and a highly qualified workforce to support growing businesses. This ranking is not only a testament to Georgia’s business climate, but it also speaks to the commitment and support from our industry partners, communities and the people of Georgia.”
In addition to being named the top state for business, Georgia ranked in the top six spots on each of the factors in the survey, and was the top pick for cooperative and responsive state government as well as workforce development programs, and No. 2 for competitive labor environment, regulatory environment, and speed of permitting.
“The fact that these site consultants ranked us No. 1 for cooperative and responsive state government and for our leading workforce development programs is a testament to Governor Deal’s leadership and the pro-business environment he has created here in Georgia,” said Georgia Department of Economic Development Commissioner Chris Carr. “These rankings highlight our overall economic development package and solidify Georgia’s role as a leader in the global marketplace.”
For the 2016 rankings, the magazine surveyed site consultants and asked them to name their top state picks in each of 10 categories that impact location and facility decisions. The responses were weighted with their No. 1 choice in each category receiving three points, No. 2 choice receiving two points and runners-up in each category receiving one point. States were ranked based on the total of weighted scores from the following categories:
- Overall Cost of Doing Business
- Corporate Tax Environment
- Business Incentive Programs
- Access to Capital & Project Funding
- Competitive Labor Costs
- Leading Work Force Development Programs
- Cooperative & Responsive State Government
- Favorable Regulatory Environment
- Speed of Permitting
- Most Improved Economic Development Policies