North Carolina is the number one state in the country for doing business according to CNBC.
North Carolina had an overall score of 1,580 out of a possible score of 2,500.
According to the ratings, North Carolina ranked first in the overall economy, second in access to capital and fifth in technology and innovation.
The CNBC press release states, “The Tar Heel State finishes on top thanks to what we rate as America’s strongest Economy, with robust economic and job growth, solid state finances, and a healthy housing market. As a major banking center, the state finishes second only to California in Access to Capital, and the home of one of the nation’s oldest research and development hubs – the famed Research Triangle Park – finishes 5thfor Technology & Innovation.”
A press release from President Pro Tem of the state Senate Sen. Phil Berger (R-Rockingham) states, “North Carolina secured the top spot in CNBC’s annual “America’s Top States for Business” ranking thanks to a decade of responsible spending, lowering taxes, and supporting businesses.”
Berger said, “When Republicans won control of the General Assembly over a decade ago, we put North Carolina on a direct path toward becoming the best state in the country for business. From reforming our tax policy to creating some of the best incentives in the nation, North Carolina is a magnet for business creation and expansion.”
CNBC notes that North Carolina has been a contender since it started ranking states in 2007 and finished second last year.
According to CNBC, “What made the difference this year? For one thing, state leaders keep managing to put aside their very deep political divisions to boost business and the economy.”
In the CNBC rankings Washington finished second, Virginia third, Colorado fourth and Texas fifth.
As far as neighboring states go, Tennessee was sixth, Georgia 10th and South Carolina tied for 36th with New York.
Honda, and boom supersonic doesn’t think so.
I do not watch CNBC. I do not value their opinion.
I love North Carolina.
I chose Greensboro from the entire US in 1983, and I’ve never regretted it. Many hours in Leeds Central Reference Library, poring over demographics, living costs, climate data, and the tax burden led me to the Old North State.
And our readers ought to know why I left Britain. At 19 I had started a Home Improvements business, and I was beginning to do well. But… the British government (under Mrs Thatcher) decided to impose a 15% sales tax on home improvements – a sector that had previously been exempt so as to help people fix up their homes.
So many people fail to understand just how deleterious that is. A 15% skim off the top – regardless of whether you’re making money or losing money – meant that about 40% of my profit on each deal was being taken. And that was before all the other British taxes even began – which were, and are, punitive.
By the way, that tax – VAT – is now 20%.
I’m glad I left.
I’m an immigrant, an entrepreneur, and I’m grateful to be in this great country and this great state.
Oh, and my immigration status is, and always has been compliant. I have more respect for America than to break into it illegally.
Political globalists here want a VAT tax. Just a matter of time. The bigger and more powerful a government gets, the more money it wants to control the population. Government cronies get richer while we little folks do not matter.
A case in point, your property taxes. I would describe the city manager as a globalist. It was the current City Council that hired him. Too bad. The residents of Greensboro are paying the price of an incompetent City Council.
Vote for write-in candidate Chris Meadows for mayor and Katie Rossabi for at-large. Greensboro needs a mayor who is a leader.
You’re right on both counts.
A French bureaucrat conceived Value Added Tax, and the EU eagerly adopted it. It destroys small businesses, but it generates a torrent of revenue for the state. So even though the UK has left the EU, the British government is loath to repeal it, or even reduce it.
And the current Greensboro City Manager is an African socialist who has no business in Greensboro.
Wow! Just wow! Based on the 24/7 misinfornation BS MSNBC spews I’d call this report on NC to be a Kiss of Death.
What a farce!
Good for BIG business maybe. Roy Cooper has shuttered so many small businesses in the last 24 months it should be criminal.
That’s just ridiculous! With Cooper’s foolishness and Greensboro being the armpit of the state, there’s no way that NC is close to number one!
CNBC? Who’d believe anything they said, even if it were true?
Carpetbaggers will ruin NC.