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2017 Top States Commentary: Cooperative and Responsive State Government Influences the Effectiveness of a Deal

Shovel-ready sites, in concert with a cooperative state government and fast permitting time, have created an ideal project backdrop in the southern markets.

Q3 2017
One of the most notable aspects of Area Development’s Top States for Doing Business survey is that eight of the top-10 states in the overall rankings are in the southern United States. This trend is likely due to the common perception that the South offers aggressive economic development programs and the relative competitiveness of these southern markets on a national scale.

The added correlation between Cooperative and Responsive State Government, Speed of Permitting, Shovel-Ready Sites, and the overall market rankings demonstrate the often-overlooked importance of existing state infrastructure and legislation. Most importantly, these existing conditions and economic programs provide the added benefit of speed to market and shorter project timelines. The ability for the Southern States to quickly engage projects is often one of the most salient factors in relocation and expansion location decisions.

A cooperative and responsive state government influences the effectiveness of a deal as project deadlines and budgets are met, and windows of opportunity are not closed due to poor timing. The cooperation of state government additionally allows for increased speed of permitting as economic development organization representatives work with project leaders to move projects down the line. Time is of the essence during a deal and the quicker a business can get in the ground, the more willing it will be in picking a location.

Shovel-ready sites, in concert with a cooperative state government and fast permitting time, create an ideal project backdrop in these southern markets. The importance of these rankings is demonstrated by Area Development’s survey as we compare these Southern States in the Access to Capital and Project Funding field with their overall ranking. The markets quickly fall behind in rank for Access to Capital and Project Funding, but still remain strong overall. This suggests that the Southern States can make that up by their top ranking in the Overall Cost of Doing Business category. Although there are countless factors at play in location decisions, the state and local governments’ roles in the speed and ease of the project cannot be overlooked.

TOP STATES FOR DOING BUSINESS 2017

  1. 1.Georgia
  2. 2.South Carolina
  3. 3.Texas
  4. 4.Tennessee
  5. 5.Louisiana
  6. 6.Alabama
  7. 7.Indiana
  8. 8.North Carolina
  9. 9.Mississippi
  10. 10.Ohio
  11. 11.Virginia
  12. 12.Florida
  13. 13.New York
  14. 14.Oklahoma
  15. 15.Michigan
  16. 16.Arkansas
  17. 17.Kentucky
  18. 18.Utah
  19. 19.Idaho
  20. 20.Wisconsin

Individual Categories

Overall Cost of Doing Business

  1. 1.Texas
  2. 2.South Carolina
  3. 3.Georgia
  4. 4.Mississippi
  5. 5.North Carolina
  6. 6.Indiana
  7. 7.Tennessee
  8. 7.tAlabama
  9. 9.Louisiana
  10. 10.Utah

Corporate Tax Environment

  1. 1.Texas
  2. 2.Florida
  3. 3.Georgia
  4. 4.Nevada
  5. 5.South Dakota
  6. 6.North Carolina
  7. 7.Tennessee
  8. 8.South Carolina
  9. 8.tIndiana
  10. 8.tNorth Dakota

Business Incentives Programs

  1. 1.South Carolina
  2. 2.Georgia
  3. 3.Mississippi
  4. 4.Louisiana
  5. 5.Texas
  6. 6.Indiana
  7. 6.tOhio
  8. 8.Arkansas
  9. 8.tNew Jersey
  10. 10.Alabama
  11. 10.tNew York

Access to Capital & Project Funding

  1. 1.New York
  2. 1.tCalifornia
  3. 3.Texas
  4. 4.Georgia
  5. 5.Tennessee
  6. 6.North Carolina
  7. 6.tMichigan
  8. 6.tIllinois
  9. 9.New Jersey
  10. 10.Massachusetts

Cooperative & Responsive State Government

  1. 1.Georgia
  2. 2.South Carolina
  3. 3.Tennessee
  4. 4.Louisiana
  5. 5.Virginia
  6. 6.Texas
  7. 7.Alabama
  8. 7.tIndiana
  9. 9.Mississippi
  10. 10.Ohio
  11. 10.tOklahoma

Favorable Regulatory Environment

  1. 1.Texas
  2. 2.South Carolina
  3. 3.Georgia
  4. 4.Louisiana
  5. 5.Mississippi
  6. 6.Alabama
  7. 6.tIndiana
  8. 8.Tennessee
  9. 9.Virginia
  10. 9.tOklahoma

Speed of Permitting

  1. 1.Louisiana
  2. 2.Georgia
  3. 3.South Carolina
  4. 4.Texas
  5. 5.Alabama
  6. 6.Mississippi
  7. 6.tIndiana
  8. 8.Tennessee
  9. 9.Virginia
  10. 10.North Carolina

Shovel-Ready Sites Program

  1. 1.Tennessee
  2. 2.Georgia
  3. 3.South Carolina
  4. 3.tAlabama
  5. 3.tIndiana
  6. 6.North Carolina
  7. 7.Louisiana
  8. 8.Texas
  9. 9.Kentucky
  10. 10.Mississippi
  11. 11.Ohio
  12. 11.tWisconsin
  13. 13.Iowa

Favorable Utility Rates

  1. 1.
  2. 2.Tennessee
  3. 3.Georgia
  4. 4.South Carolina
  5. 5.Oregon
  6. 6.Louisiana
  7. 7.Alabama
  8. 7.tNorth Carolina
  9. 7.tIdaho
  10. 10.Texas
  11. 10.tKentucky

Competitive Labor Environment

  1. 1.Texas
  2. 2.Georgia
  3. 3.South Carolina
  4. 4.North Carolina
  5. 5.Indiana
  6. 6.Tennessee
  7. 6.tMississippi
  8. 8.Virginia
  9. 8.tOhio
  10. 8.tAlabama

Leading Workforce Development Programs

  1. 1.Georgia
  2. 2.Louisiana
  3. 3.Alabama
  4. 4.South Carolina
  5. 5.Tennessee
  6. 6.North Carolina
  7. 7.Virginia
  8. 8.Texas
  9. 8.tIndiana
  10. 8.tOhio

Most Improved Economic Development Policies

  1. 1.Ohio
  2. 2.Michigan
  3. 3.Alabama
  4. 3.tNorth Carolina
  5. 5.Indiana
  6. 6.Wisconsin
  7. 6.tArkansas
  8. 8.Georgia
  9. 8.tKentucky
  10. 10.Tennessee
  11. 10.tArizona
  12. 10.tMissouri
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