google-site-verification: google5ae98130f18ad244.html

Monday, September 24, 2018
   
Text Size

Economic Development

Oct. 10 - U.S. Corporate Executives Rank Best States for Business: Georgia Ranks #3

Category: Economic Development

Savannah Business Journal Staff Report

October 10, 2017 - Georgia ranks third among the 50 states for having the best business climate, according to a new survey of U.S. corporate executives released at the International Economic Development Council (IEDC) Annual Conference in Toronto. Texas ranked first, followed by Florida at the second spot. South Carolina and North Carolina ranked fourth and fifth, respectively.

Conducted by Development Counsellors International (DCI) every three years, the “Winning Strategies in Economic Development Marketing” survey has tracked trends in economic development since its inception in 1996. For the first time, the survey also includes findings about how the current political climate affects business perceptions.  A majority of the executives surveyed, 57 percent, reported that the Trump presidency hasn’t impacted their investment plans and 33 percent were more likely to explore domestic expansion. 

 “The Winning Strategies survey provides insights into the minds of key decision makers—from their perceptions on locations around the world to how they get the information that shapes those perceptions,” said DCI President Andrew T. Levine. “As the competition for business expansions and talent intensifies, this information can be crucial to communities looking to set themselves apart from other locations.”

Georgia ranked No. 3 with 20 percent naming it the best state for business. Respondents who named Georgia as having a favorable business climate noted its responsive and coordinated economic development program and incentives. The state also ranked No. 1 as the best state-level economic development organization.

Key findings from the 2017 “A View from Corporate America” survey, which is based on the aggregate responses of 331 corporate executives with site selection responsibilities, include:

  • Texas has consistently held the No. 1 ranking since 1999, was again a favorite among survey respondents, with 42 percent naming the state as having one of the most favorable business climates. Rounding out the top 5 states for business are Florida at No. 2 with 22 percent, South Carolina at No. 4 with 16 percent and North Carolina at No. 5 with 15 percent. 

  • When asked which international countries they were most likely to explore for investment, 31 percent of U.S. executives named China as their top choice, followed by the United Kingdom (22 percent) and Canada (21 percent). Germany and Mexico ranked fourth and fifth, respectively.  

  • 50.3 percent of executives report that their company will make a location decision (move, expansion or consolidation) in the next 24 months. This is a 6 percent increase from 2014 results.
  • 54 percent of the survey audience report that they plan to outsource a portion of the site selection process during their next site selection search, a significant increase from 2014 (40 percent).

 

Best States for Business:

  1. Texas                     42%
  2. Florida                    22%
  3. Georgia                   20%
  4. South Carolina          16%
  5. North Carolina          15%

Best Countries for International Investment Opportunities:

  1. China                      31%
  2. United Kingdom        22%
  3. Canada                   21%
  4. Germany                 16%
  5. Mexico          15%

Overall Rating (0)

0 out of 5 stars

Leave your comments

Post comment as a guest

0 / 300 Character restriction
Your text should be in between 10-300 characters
Your comments are subjected to administrator's moderation.
terms and condition.
    • No comments found
    CLICK to SUBSCRIBE and Support Great Journalism!

    Follow Us!

    TwitterFacebook

    Komento Activities

    Guest - Lisa Porter-Grenn, M.D. - Commented on Jan. 8 – Judge Edenfield denie... in Joomla Article
    This is a qui tam law suit without sufficient merit. If Schaengold is so worried about hospital cost...
    Guest - Jack - Commented on Aug. 23 - Phelps on Politics -... in Joomla Article
    "Goose that laid the golden EYE? You're right, that is hard to argue with.
    Guest - JR Lee - Commented on MPC approves plan for new Walm... in Joomla Article
    Great, another complex to attract Savannah's finest entitlement minded individuals. Another complex ...
    Guest - Robin Sherman - Commented on Jan. 4 – COMMENTARY: New Year... in Joomla Article
    Excellent post, Ms. Phelps. Effective government can only occur when the public is informed. Transpa...
    Guest - Tao of Me - Commented on Why is Memorial Hospital Being... in Joomla Article
    They aren't telling Memorial employees anything about this. A recent survey of the facilities by Nic...
    Guest - Genie Brazzeal - Commented on Feb. 24 – Lawyer and former Al... in Joomla Article
    Thank you, Mr. Bordeaux! Bring some honesty to this court. No more winking like I experienced.
    Guest - Karl - Commented on Feb. 25 - Memorial Hospital’s ... in Joomla Article
    Good article. Has a lot of information that is very difficult for "team members"(employees) to find....
    Guest - Susan Worthington - Commented on May 13 – UPDATED 11:39 a.m. HC... in Joomla Article
    In 1953 there was not such a thing as a trauma or neonatal program. The need for Neonatal Services ...
    Guest - Linda Dominy - Commented on June 8 – EDITORIAL: Immediate ... in Joomla Article
    As a clinical team member this makes me sad and it would never happen. We can argue politics all day...
    Guest - Judy - Commented on Savannah’s Title Max Bankruptc... in Joomla Article
    How Tracy Young was allowed to file for bankruptcy or chapter 11 is amazing. Title Max should be ch...
    Guest - Samantha Claar - Commented on Aug. 7 - COMMENTARY: Je suis “... in Joomla Article
    Pertinent questions that deserve real answers. If upper management - appointed and elected - can't ...
    Guest - Lisa Grant - Commented on Aug. 11 - Jonathan Christy, MD... in Joomla Article
    I have seen this guys work for my own eyes through an associates who received a revision of TKR by D...
    Guest - Jason - Commented on Aug 9 - Lyndy Brannen Retires ... in Joomla Article
    Just a clarification - WRHQ (Quality Rock Q105.3) is owned by Thoroughbred Communications.
    Guest - Drew - Commented on Apr. 21 - WaterWays Township N... in Joomla Article
    Rewarding a gated community is for community development is about as stuck in the past as it gets.
    Guest - Felton - Commented on June 17 – Ameris Bancorp acqui... in Joomla Article
    If "This acquisition increases Ameris Bank’s total assets to approximately $5.4 billion," then the a...
    MY ACCOUNT
    CONTACT
    SOCIAL
    MORE
    ADVERTISE
    Coastal Empire News
    Headquarters: 35 Barnard St., Suite 300, Savannah, GA. 31401.
    Tel: 912-388-4692 | Hours: 8:30 a.m. to 5:00 p.m.