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.