WESTBURY, N.Y.--(BUSINESS WIRE)--Area Development, the leading publication covering site selection and facility planning, has announced the results of its 2017 Top States for Doing Business survey of leading location consultants. According to the results, the Top-10 States for Doing Business are Georgia, South Carolina, Texas, Tennessee, Louisiana, Alabama, Indiana, North Carolina, Mississippi, and Ohio in that order.
Area Development asked a select group of well-respected location consultants who work with a nationwide client base to name their top-state choices in 12 site selection categories:
- Overall cost of doing business
- Corporate tax environment
- Business Incentives programs
- Access to capital and project funding
- Cooperative and responsive state government
- Favorable regulatory environment
- Speed of permitting
- Shovel-ready sites program
- Favorable utility rates
- Competitive labor environment
- Leading work force development programs
- Most improved economic development policies
The consultants’ responses were weighted in each category, with their #1 choice receiving three points, #2 choice receiving two points, and runners-up in each category receiving one point. States were ranked in order based on the total of their weighted scores across all 12 categories.
For the fourth year in a row, Georgia ranked first among the states by ranking within the top four spots in 11 categories, including #1 for cooperative and responsive state government as well as leading workforce development programs. Ranked second overall, South Carolina ranked #1 for its business incentive programs. Finishing third overall, Texas was #1 for its overall cost of business, corporate tax environment, favorable regulatory environment, and competitive labor environment. Louisiana ranked #1 for speed of permitting, and Ohio took the top spot in the most improved economic development policies category. New York and California tied for the #1 spot for access to capital and project funding, and Washington ranked first for favorable utility rates.
A full review of this year’s Top States for Doing Business, along with commentary on the results, is presented in the Q3 issue of Area Development magazine and posted online at http://www.areadevelopment.com/top-states.
Area Development is published quarterly and also maintains several highly visited websites, which can be reached at www.areadevelopment.com. It also has produced more than 40 Best Practices Consultants Forums for economic developers since 2006.