Recent entrant Louisiana into this mix of pro-business climate states is exciting and refreshing — not because I am biased – rather a demonstration that leadership does matter. Louisiana has aligned its public and private sectors across a number of target industries, tackled tough systemic issues like work force/skill development with positive results, invested in a world-class training capability, and structured aggressive targeted incentive programs that have resulted in marked improvement to the state’s survey ranking.
I think many of my colleagues in the site selection business struggle with surveys, especially at the state level, because many of our clients look at clusters, eco-systems, or other spatial contexts like edge cities or urban core strategies. In addition, it does depend on the industry, the asset type, and tactical issues like supply-chain infrastructure, venture capital, site availability/readiness, and quality of life. You can take these geographic constructs and specific business condition needs and overlay them on the survey results and see why places like California, Michigan, Arizona, and Florida emerge throughout the survey as leading states for business development. Our business at Newmark Grubb Knight Frank in the last two years has taken a intentional turn toward deep labor analytics and talent attraction/ retention due diligence, and this trend will bode well for many of the states not on the list to compete for small and medium enterprise expansions and relocations that are less sensitive to business climate dynamics.
Lastly, I am convinced that last-minute capital spending for many business sectors and complex corporate decisionmaking processes for public companies will continue to showcase states like Texas, Alabama, South Carolina, Georgia, Mississippi, and Tennessee. Why? Because these states understand that the speed of business through streamlined permitting and reasonable regulatory policy supports meaningful and sustainable job creation and investment.
Top States For Doing Business 2013
- 2.tSouth Carolina
- 5.North Carolina