Business Facilities Ranks NC No. 1 State for Economic Growth Potential

July 24, 2019

North Carolina is the top-ranked state for economic growth potential in Business Facilities magazine’s 15th Annual Rankings Report.

North Carolina, Colorado and Virginia topped the chart in Business Facilities’ annual growth potential ranking. Jack Rogers, editor in chief, noted that all three states have established highly diversified growth strategies and staked a claim to leadership in high-tech hubs.

“Our leaders in economic growth potential each have put down markers that they are prepared to compete in the hottest emerging growth sectors,” Rogers said.

For example, Virginia and North Carolina notched top-10 results in Business Facilities’ new cybersecurity growth potential state ranking, he said, while Virginia and North Carolina rank first and fourth, respectively, in the magazine’s unmanned aerial systems state ranking.

Business Facilities’ ranking notes that North Carolina appeals to diverse industries, offering them a growing talent pool of young skilled workers, an attractive quality of life and targeted incentives.

These assets and others have recently landed some big wins, Business Facilities said, including Lowe’s Companies’ announcement last month that it would build its new $153 million global technology center in Charlotte, which will create more than 1,600 new jobs.  The 357,000-square-foot, 23-story technology center will rise above a bustling neighborhood in the city’s South End.

Business Facilities informs corporate executives on issues related to choosing the best location for their growing companies. Visit here to view the complete 2019 Rankings Report, including state, metro and international results.