Area Development earlier this month revealed their annual Top States for Doing Business. The annual list is an industry standard for measuring the overall business environment in the 50 U.S. States as ranked by a panel of surveyed economic development and site selection experts.
The rankings include scoring across individual categories including:
- Overall Cost of Doing Business
- Business Incentive Programs
- Access to Capital
- Competitive Labor Market
- Workforce Development Programs
- Energy Availability and Cost
- Logistics & Infrastructure
- Available Real Estate
- Cooperative & Responsive State Government
- Corporate Tax Structure
- Site-Readiness Programs
- Regulatory Environment
- Speed of Project Permitting
For the ninth year in a row, Georgia topped the overall rankings while also leading in eight individual categories. Tennessee rose to the number two ranking, while Texas fell to fourth. South Carolina, North Carolina, Alabama, Virginia, Ohio, Indiana and Mississippi rounded out the top 10. In a list dominated by the Southeast, Indiana and Ohio continued to fair very well.
At McGuire Sponsel, we help leading organizations make informed, strategic location decisions that will help maximize the profitability and sustainability of their operations. With team members spread across the U.S., including two hot markets in Georgia and Indiana, we bring unique expertise to the site selection process. While Area Development ranks states across thirteen categories, we help clients know which of these location categories are most important to their organization – helping them sort through the noise to identify critical factors at both state and local levels.
Our team of experts combines real estate, economic development, tax and finance expertise to bring a unique strategic solution to clients. We negotiate valuable state, local and non-governmental incentive programs that can bridge gaps and provide competitive advantages for projects.
If you are considering investment, expansion or new facilities in North America, do not hesitate to reach out.