In fact, the Tar Heel State landed at No. 5 in the 2014 overall ranking, after falling out of the top 10 for the first time ever to rank No. 12 last year. CNBC counted down its annual Top States for Business ranking, and North Carolina has reclaimed its place among the best.
States receive points based on their rankings in each metric. Says CNBC of its methodology: "Each year, our Top States study rates all 50 states on more than 50 metrics in ten categories of competitiveness. We weigh the categories based on how frequently they appear as selling points in state economic development marketing materials. That way, we hold the states to their own standards. The ten categories are: Cost of Doing Business,- with the most points, Economy, Infrastructure and Transportation, Workforce, Quality of Life, Technology and Innovation, Business Friendliness and Education, Cost of Living, Access to capital- with the least of all points.
The Peach State, Georgia, took the top spot followed by Texas. The taillight is Rhode Island.
Neighboring South Carolina came in at No. 24 overall this year, slipping one spot from No. 23 last year.
Jobs are hoofing it back to the Tar Heel State, as companies take advantage of a large pool of mostly non-union workers. To sustain the growth, the state must address education.