Business publication ranks N.C. first in the nation for business climate | Beaufort County Now | A top publication for corporate real estate and expansion planning named North Carolina as tops in the country in terms of a friendly business climate.

Coronavirus Disease 2019 (COVID-19)
    Publisher's Note: This post appears here courtesy of the Carolina Journal. The author of this post is Johnny Kampis.

    A top publication for corporate real estate and expansion planning named North Carolina as tops in the country in terms of a friendly business climate.

    Site Selection magazine pegged the Tar Heel State as No. 1 this year after it tied with Georgia in 2020. The magazine noted North Carolina's low corporate tax rate and a slew of new projects and expansions, as capital investment accelerates in the state.

    Chris Chung, CEO of the Economic Development Partnership of North Carolina, pointed out that the increased focus on working remotely during the COVID-19 pandemic likely benefits the state, given its lower taxes and a higher level of freedom than some Democratic-run metropolises.

    "If you look where the mobile or remote workforce is focused coming out of the pandemic you can see why a state like North Carolina would be very attractive in terms of affordability and quality of life, health care, and education access," Chung said. "If you look at what people are looking for in normal times, we appeal to that. Perhaps some people now are done with life in New York City or Chicago and D.C. in terms of congestion and high cost. If they don't have to be living in those places and are empowered to work remotely, this is a very attractive option. North Carolina has the mix of qualities that would appeal to an individual who is seeking greener pastures post-pandemic."

    Sen. Todd Johnson, R-Union, co-chair of the Senate Commerce Committee, said, "Low taxes, low spending, and reasonable regulations ushered in a boom decade for North Carolina. When a formula is working, we should continue it, and that's what North Carolina Republicans intend to do."

    Sen. Steve Jarvis, R-Davidson, echoed those comments, saying that as a small business owner it's his goal to keep the state "an environment where businesses can thrive and families can work. It is clear that the policy of low taxes and incentivizing business is a strategy that succeeds. A friendly environment for business will help carry our state into a bright and prosperous future."

    Jon Sanders, senior fellow in regulatory studies for the John Locke Foundation, told Carolina Journal that while the ranking is positive, the study should also be taken with a grain of salt. Given that Site Selection is pro-business, its rankings give positive weight to states that hand out loads of economic incentives.

    Sanders notes that these "can be impressive to big corporations looking to relocate, but for the economy as a whole is a net cost, not a benefit." He argues that the incentives cause long-standing businesses to bear a disproportionate amount of the tax burden so that newcomers can get a lower tax rate to locate in the state.

    "Gov. (Roy) Cooper has been extremely handy with multimillion-dollar handouts to big corporations while simultaneously demonizing tax cuts to small businesses and families," Sanders said.

    But Sanders noted that the magazine rightly picks up on the state's adoption of "proven economy boosters" like lower regulations and taxes, educational infrastructure, and training programs.

    "Fortunately, the General Assembly seems committed to continuing to hold down the state's regulatory and tax burdens," he said. "Choosing to stop playing favorites with certain corporate cronies might not sound as impressive to big corporations playing the incentives game, but it would reinforce the good already being done for the state's economy."

    This report follows earlier accolades for the state. CNBC ranked North Carolina No. 2 on its list of top states for business, and Lending Tree ranked North Carolina the top place in the U.S. to start a small business.
Go Back


Latest Op-Ed & Politics

At least two people are dead and more than 40 have been injured in a powerful tornado that ripped through northern Michigan Friday night.
A Democratic state representative from Raleigh proposes a statewide ban on transporting dogs in open vehicle beds and cargo areas.
Updating the press on the baby formula shortage that's affecting millions of American families, Press Secretary Karine Jean-Pierre (black, gay, immigrant) stated that all blame for the shortage rested squarely on the curly locks of the giant baby from Honey, I Blew Up The Kid.
Powerful U.S. artillery pieces have started to arrive in Ukraine that offer the country’s military the opportunity to outgun Russia’s military as the new equipment can outreach the capability of Russia’s military by several miles.
As the baby formula crisis continues to grow, more families have opted for an alternative formula source and have started taking whey protein instead. The babies will still get everything they need for healthy development, as well as 50grams of protein per bottle.


A biography of George Floyd will be published on May 17, 2022, and appears to whitewash his life story to highlight his constant “search of a better life” and his “relentless struggle to survive as a Black man in America.”
The first day of class the law professor strode into the room. The first thing he did was ask for the name of a student sitting in the front row.
Republican primary voters picked Trey Allen, Donna Stroud, and Michael Stading to represent the party on the November ballot in three key appellate court races
American voters are increasingly disenchanted with the men and women who have been elected to govern their interests both domestically and abroad.
The House Committee on Ethics said in a statement on Monday that it has opened multiple investigations into outgoing Rep. Madison Cawthorn (R-NC).
RALEIGH: Today, Governor Roy Cooper released a video on critical gun safety reforms to protect our communities.


The U.S. Army, apparently interested in furthering its recent journey into wokeness, is considering a policy called a “compassionate reassignment” permitting soldiers to request a transfer to a different area if they feel state or local laws discriminate against them because of their gender.


Back to Top