Doing Business Survey »
2. South Carolina
5. North Carolina
4. South Carolina
7. North Carolina
3. South Carolina
8. North Carolina
Scott Redabaugh, Managing Director, Jones Lang LaSalle
Dan Levine, Pricipal, MetroCompare LLC
Kathy Mussio, Managing Partner, Atlas Insight
The states that are winning are those that have advantageous combinations of low taxes, [generous] incentives, and [fewer] regulations, and most offer predictable, stable political environments. This is typically coupled with an attractive balance of labor cost and availability. The Top States also make it easy for companies to do business by offering fast-track permitting and other business-friendly practices.
While the Southeast has attracted the most industrial and manufacturing concerns, not all companies need to be in the Southeast to operate their businesses. In fact, we see a huge opportunity for other U.S. regions to improve their policies concerning business retention and attraction. While it can be politically difficult and can take years to enact right-to-work laws or change the state tax structure, states can adopt fast-track permitting, tax incentives for business, new or updated incentive programs, or other business-friendly policies within one or two legislative cycles. States that raise their game now - and aggressively promote their pro-business reputations - will significantly benefit in the future.