The Gold Standard: Site Selection Names the Top State Business Climates of the Year
Monday, November 07, 2016
It’s hard enough to maintain a first-place finish in Site Selection’s annual ranking of state business climates three years in a row. Georgia did that last year. This year, it extends that winning streak with a fourth consecutive top billing. This ranking combines an equal share of subjective and objective criteria.
Fifty percent of the ranking is based on a survey of site selectors – corporate facility investors and site consultants — who indicate simply which states they deem to be the most business friendly. Texas and South Carolina were first and second by that measure, followed by Georgia. At 50 percent of the total, a third-place finish earned Georgia significant points. That’s the subjective part. The other 50 percent — the objective side — is a combination of factors primarily based on announced project data resident in the Conway Projects Database (see the methodology on page 96), which credits areas with corporate facility projects of at least $1 million in capital investment, 20 or more new jobs or new construction of at least 20,000 sq. ft.
Category: Site Selection Magazine, News