North Carolina landed near the top in Chief Executive magazine’s annual list of the best states for business.
The Tar Heel State held onto its No. 3 spot on the “2016 Best & Worst States For Business” list, which is based on CEOs’ rankings for every state’s tax and regulatory regime, the quality of the workforce, and the quality of the living environment. South Carolina, meanwhile, moved up to No. 7 this year from No. 10 last year.
The magazine surveyed more than 500 CEOs for its ranking.Read more on the methodology here.
Texas and Florida hold the top spots, as has been the case in years past.
Here’s a look at how the Carolinas stacked up:
- No. 15 for taxation and regulation
- No. 10 for workforce quality
- No. 3 for living environment
- Right-to-work state? Yes
“North Carolina cut its corporate income tax from 5 percent to 4 percent as a long-term tax reform package,” reads the blurb on North Carolina’s advantages. “The state now has the lowest rate of any state levying a corporate income tax.” And its challenges? You might have guessed — the very heated, very public controversy over the recently passed “bathroom bill.”
For the full story see http://chiefexecutive.net/why-do-some-areas-of-the-country-thrive-while-others-see-businesses-atrophy-and-people-flee-at-alarming-rates/