UPDATED: CNBC: Georgia, North Carolina named 'Top States for Business'
CHATTANOOGA (WRCB) – Georgia and North Carolina have been named as ‘Top States for Business' by CNBC.
In the 2011 listing, compiled by the business network, Virginia took the top spot, followed by Texas.
North Carolina ranked third and Georgia has ranked fourth. Colorado rounded out the Top 5.
Tennessee, on the other hand, tied with Florida for 18th place.
North Carolina was fourth in the 2010 rankings while Georgia made a six position jump. The Volunteer State fell two spots since last year.
"This year, North Carolina managed to dramatically improve in two key categories — Cost of Doing Business and Infrastructure & Transportation. The state also hung onto its Number 3 position for the second year running in the Workforce category," CNBC reports
And in Georgia, "the main reason for the Peach State's improvement was a big jump in its Education score, followed by smaller strides made in the state Economy, the Cost of Doing Business, and Business Friendliness," CNBC reports.
The Volunteer State was weighed down by its poor scores in Quality of Life (47th), Economy (46th) and Education (43rd).
This is the fifth year NBC's business network has ranked the states based on their business friendly environments.
Rhode Island was named as the worst state for business in 2011.
Wednesday, May 22 2013 7:54 AM EDT2013-05-22 11:54:16 GMT
Several things are coming together to increase our chances for some severe weather later today. A warm, humid air mass will interact with unseasonably cool air that will be pushing through today and tomorrow.More >>
Several things are coming together to increase our chances for some severe weather later today. A warm, humid air mass already in place will interact with unseasonably cool air that will be pushing through today and tomorrow.More >>