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.
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