Prior to the pandemic, labor markets were extremely tight across the nation, so states such as Ohio, Tennessee, North Carolina, and Texas — with a diverse set of large and mid-size metro areas — scored well. For some time, we have seen projects skewing to the periphery of these larger markets to mid-size communities.
States with responsive workforce training programs also tend to distinguish themselves from the competition. Georgia, Tennessee, and South Carolina (the top three states in the survey) have workforce training programs that are particularly noteworthy. SSG also gives high marks to the state of Louisiana in this regard.
Four of the top five states have strong utility partners, which we have long seen as a key ingredient to economic development success. Partners such as Duke Energy, the Southern Company, TVA, and a coalition of utilities across the state of South Carolina have greatly aided project management and site selection for SSG clients.
We note North Carolina’s emergence in the top five. We have seen this state do much in recent years to improve its competitive posture by actions such as a complete overhaul of its financial incentive programs. And Texas and Florida have again ranked well in the survey due to their pro-business tax structure, superior infrastructure, and strong local programs in economic development.
TOP STATES FOR DOING BUSINESS 2020
- 1. Georgia
- 2. Tennessee
- 3. South Carolina
- 4. Texas
- 5. North Carolina
- 6. Alabama
- 7. Indiana
- 8. Virginia
- 9. Ohio
- 10. Florida
- 11. Mississippi
- 12. Louisiana
- 13. Utah
- 14. Arizona
- 15. Kentucky
- 16. Michigan
- 17. Missouri
- 18. Oklahoma
- 19. New York
- 20. Illinois
Individual Categories
Overall Cost of Doing Business
- 1. Georgia
- 2. Texas
- 3. Tennessee
- 4. South Carolina
- 5T. Indiana
- 5T. North Carolina
- 7T. Alabama
- 7T. Mississippi
- 9. Utah
- 10. Virginia
Business Incentives Programs
- 1. Georgia
- 2. South Carolina
- 3. Tennessee
- 4T. Alabama
- 4T. Mississippi
- 6. Texas
- 7. Virginia
- 8T. Ohio
- 8T. Louisiana
- 8T. North Carolina
Access to Capital & Project Funding
- 1T. New York
- 1T. California
- 3. Texas
- 4. Massachusetts
- 5T. Georgia
- 5T. Illinois
- 7T. North Carolina
- 7T. Florida
- 9. Ohio
- 10. Colorado
Competitive Labor Environment
- 1. Georgia
- 2. North Carolina
- 3T. Tennessee
- 3T. Texas
- 5. Indiana
- 6. Alabama
- 7T. South Carolina
- 7T. Utah
- 9. Virginia
- 10. Ohio
Workforce Training Programs
- 1. Georgia
- 2. Louisiana
- 3. Alabama
- 4T. Virginia
- 4T. South Carolina
- 6T. Tennessee
- 6T. North Carolina
- 8. Ohio
- 9T. Kentucky
- 9T. Indiana
Energy Availability & Costs
- 1T. Georgia
- 1T. Tennessee
- 3. North Carolina
- 4. Texas
- 5. Washington
- 6T. Alabama
- 6T. South Carolina
- 8T. Indiana
- 8T. Mississippi
- 8T. Louisiana
- 8T. Kentucky
Logistics & Infrastructure
- 1. Georgia
- 2. Texas
- 3. Tennessee
- 4. Indiana
- 5. Ohio
- 6T. South Carolina
- 6T. Virginia
- 8T. Florida
- 8T. Illinois
- 10. Missouri
Site-Readiness Programs
- 1. Tennessee
- 2. Georgia
- 3. North Carolina
- 4. South Carolina
- 5. Indiana
- 6. Alabama
- 7T. Virginia
- 7T. Ohio
- 7T. Michigan
- 10. Texas
Available Real Estate
- 1. Georgia
- 2. Texas
- 3. Tennessee
- 4. North Carolina
- 5T. Alabama
- 5T. Indiana
- 5T. Ohio
- 8. South Carolina
- 9T. Florida
- 9T. Mississippi
Cooperative & Responsive State Government
- 1. Georgia
- 2. South Carolina
- 3. Tennessee
- 4. North Carolina
- 5. Indiana
- 6T. Alabama
- 6T. Virginia
- 8. Mississippi
- 9T. Texas
- 9T. Arizona
Corporate Tax Structure
- 1. Florida
- 2. Texas
- 3. Tennessee
- 4. Georgia
- 5. Nevada
- 6. South Dakota
- 7. North Carolina
- 8. South Carolina
- 9T. Indiana
- 9T. Ohio
Favorable Regulatory Environment
- 1. Georgia
- 2T. Tennessee
- 2T. South Carolina
- 4. Texas
- 5. Alabama
- 6. Indiana
- 7. North Carolina
- 8. Mississippi
- 9T. Virginia
- 9T. Louisiana
Speed of Project Permitting
- 1. Georgia
- 2. Alabama
- 3. South Carolina
- 4. Tennessee
- 5. Mississippi
- 6. Louisiana
- 7T. Texas
- 7T. Indiana
- 9. North Carolina
- 10T. Virginia
- 10T. Utah
- 10T. Arizona
- 10T. Missouri
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Categories:
- Overall Cost of Doing Business
- Business Incentive Programs
- Access to Capital & Project Funding
- Competitive Labor Environment
- Workforce Training Programs
- Energy Availability & Costs
- Logistics & Infrastructure
- Site-Readiness Programs
- Available Real Estate
- Cooperative & Responsive State Government
- Corporate Tax Structure
- Favorable Regulatory Environment
- Speed of Project Permitting