Site Selection Magazine, The Magazine of Corporate Real Estate Strategy and Area Development, has chosen North Carolina as Number 1 in its state business climate rankings for the 4^th year in a row!  The rankings are based on surveys of business executives and consultants who make decisions regarding business expansions.  The key factors cited for their choice was financial incentives, low taxes and an effective economic development team. 

Site Magazine says about Raleigh and Research Triangle Park (RTP) area: On the higher end of the higher education spectrum, biopharmaceutical companies continue to invest in R&D facilities in and around Research Triangle Park in part due to the area’s research university resources.  But when it’s time to manufacture the products of the R&D, more companies are staying put in North Carolina to take advantage of the state’s 30-percent cost advantage over other life science clusters around the U.S. Two new projects cited for the RTP are an IBM Data Center and a United Therapeutics pharmaceutical plant. 

Raleigh, Wake County and the RTP are not immune to the national economic crisis.  But we are in a strong position to recover quickly and continue to offer opportunities for individuals and businesses.