North Carolina has been named the top state for business by CNBC, marking the third time in four years that it has received this recognition. Governor Josh Stein expressed pride in the state’s achievements, crediting North Carolina’s business climate, educational institutions, infrastructure, and quality of life as factors contributing to its success. “This confirms what we have known for a long time – that North Carolina is the best state in the country for business,” said Governor Stein.
N.C. Commerce Secretary Lee Lilley emphasized the state’s commitment to building a competitive economy. “This recognition reflects our relentless commitment to building a competitive, welcoming, and dynamic economy that creates opportunity for everyone,” he stated.
Christopher Chung, CEO of EDPNC, highlighted North Carolina’s economic development strategy and partnerships. “North Carolina’s recognition as the best state for business for the third year in the last four is a testament to an economic development strategy that relies on the power of partnerships,” Chung said.
The CNBC study evaluates states across ten categories of competitiveness. North Carolina scored 1,614 points out of a possible 2,500 to secure its position at the top. The state’s strengths include its economy, workforce, and business friendliness.
Since taking office in January, Governor Stein has announced nearly $17 billion in new capital investment and over 20,000 new jobs. He advocates for workforce development without requiring traditional four-year degrees and signed Senate Bill 124 to reduce degree requirements for some state jobs.
To address child care issues and support education safety initiatives, Governor Stein launched several programs aimed at improving accessibility and affordability. He also continues efforts toward economic recovery in western North Carolina following Hurricane Helene through tourism initiatives and small business grants.
