Georgia scores Site Selection three-peat
ATLANTA — For the third consecutive year, Georgia leads the nation placing first in the 2015 Business Climate Ranking by Site Selection magazine. The ranking is a closely watched barometer of which states have the right mix of actual project successes and high favorability as indicated by site selectors.
“Once again, Georgia has been named the top state in which to do business, reflecting our success in strengthening Georgia’s economic environment and creating a top-notch workforce,” said Gov. Nathan Deal. “Through collaborative public-private sector efforts, we have created hundreds of thousands of jobs for families, invested millions in our local communities and improved the overall quality of life for our citizens. This ranking is not only a testament to our strong business climate, but it also speaks to the commitment and support from our industry partners, communities and the people of Georgia.”
Each November, Site Selection releases rankings for the top states in which to do business. Georgia has been ranked among the top 10 states in Site Selection’s business climate rankings throughout the last decade, holding the top spot for the last two years.
“Georgia is a regular top finisher in our annual analysis of state business climates,” said Site Selection editor-in-chief Mark Arend. “But three consecutive first-place finishes in this ranking is a pattern. It says the state clearly has in place the business-attraction attributes most required by companies expanding and establishing new facilities.”
“Site Selection’s third-time No. 1 ranking speaks volumes to our business-friendly environment, world-class infrastructure network, top-notch academic institutions, nationally-ranked training programs and vibrant socioeconomic culture,” said Georgia Department of Economic Development Commissioner Chris Carr. “We provide companies looking to locate or expand here an experience that they cannot find anywhere else, and we will continue to work hard with our partners from around the state to maintain this reputation.”
Fifty percent of the overall Business Climate Ranking is based on a survey of corporate site selectors who are asked to rank the states based on their recent experience of locating facilities in them. The other 50 percent is based on an index of seven criteria:
- performance in Site Selection’s annual Competitiveness ranking;
- total New Plant Database compliant facilities in 2014;
- total new facilities in 2014 per capita;
- total 2015 new projects year to date;
- total 2015 projects year to date per capita;
- state tax burdens on mature firms and on new firms according to the Tax Foundation, and
- KPMG Location Matters analysis.
Site Selection magazine, published by Conway Data Inc., delivers expansion planning information to 48,000 executives of fast-growing firms. The senior publication in the development field, Site Selection is also available via Site Selection Online.