July 13, 2025

North Carolina Tops CNBC’s Best States for Business Rankings

News Summary

North Carolina has achieved the top spot in CNBC’s Best States for Business rankings, marking its third number one finish in four years. The state excels in various categories, including Economy and Workforce, showcasing its strong labor pool and a robust growth rate. With significant investments from companies like JetZero and Amazon, North Carolina is leading the way in job creation despite facing challenges such as a lower ranking for Quality of Life and ongoing recovery issues. The state’s favorable business climate continues to attract major investments.

North Carolina Ranks First in CNBC’s Best States for Business in 2025

North Carolina has secured the top position in CNBC’s annual “Top States for Business” study for 2025, marking the third time in four years the state has achieved this distinction. Following a runner-up position in 2024, North Carolina previously topped the list in both 2022 and 2023. This year, the rankings highlight the state’s comprehensive business environment and robust economic performance.

The CNBC ranking is derived from an analysis of 135 metrics within 10 categories of competitiveness that reflect the essential needs of businesses. North Carolina excelled particularly in areas such as Economy and Workforce, demonstrating its diverse economic strengths and the quality of its labor pool.

In the Economy category, North Carolina placed third, indicating a strong economic foundation considered the most critical metric in determining the overall ranking. The state also ranked fourth for its Workforce, which signifies the quality and availability of workers necessary to sustain businesses. Last year alone, North Carolina added over 60,000 jobs, contributing to its well-regarded workforce which is now ranked as the fourth best in the nation.

Key Developments and Investments

Recent advancements in North Carolina’s economy are notable, with JetZero announcing plans to establish a factory in Greensboro, projected to create approximately 14,500 jobs. Additionally, Amazon revealed plans for a $10 billion investment in a new data center in Richmond County, complementing its previous $12 billion investment since 2010. Such investments are significant contributors to the state’s economic growth, which recorded a GDP increase of 3.7% last year, ranking it fifth in the nation.

Quality of Life and Business Climate

Despite the favorable business climate, North Carolina ranked 29th for Quality of Life, a factor that may be attributed to low unionization rates and limited worker protections. Nonetheless, the state has been recognized for its leadership in fields such as STEM and vocational training, enhancing its workforce capabilities. The favorable business environment is further supported by attributes like low tort liability costs and positive evaluations for economic freedom.

Political leaders from both sides of the aisle have acknowledged the importance of maintaining business-friendly policies, fostering an environment conducive to economic success. North Carolina’s ranking also reflects stability in response to potential changes in federal policies, which is critical for businesses contemplating investments in the state.

Challenges Ahead

While the ranking highlights North Carolina’s strengths, potential challenges remain. Recovery from Hurricane Helene and ongoing implications of Medicaid cuts pose significant challenges for a substantial number of residents. Addressing these issues will be crucial for sustaining the state’s positive business environment and overall economic health.

Comparative Rankings

In the CNBC rankings, North Carolina is followed by other top states for business, including Texas, Florida, Virginia, and Ohio. Conversely, the states at the bottom of the list include Alaska, Hawaii, Montana, Rhode Island, and Louisiana. The evaluation process by CNBC involved examining each state’s economic development strategies and how well they align with business needs.

The continuing improvements in education and job training since 2011 have played a pivotal role in cultivating a favorable business climate in North Carolina. As the state moves forward, maintaining this momentum will be essential for retaining its competitive edge in future rankings and for nurturing economic growth across multiple sectors.

Deeper Dive: News & Info About This Topic

Author: STAFF HERE GEORGETOWN

GEORGETOWN STAFF WRITER The GEORGETOWN STAFF WRITER represents the experienced team at HEREgeorgetown.com, your go-to source for actionable local news and information in Georgetown, Williamson County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Red Poppy Festival, Georgetown Swirl, and Christmas Stroll. Our coverage extends to key organizations like the Georgetown Chamber of Commerce and the Downtown Georgetown Association, plus leading businesses in manufacturing and tourism that power the local economy such as local wineries and historic downtown shops. As part of the broader HERE network, including HEREaustin.com, HEREcollegestation.com, HEREdallas.com, HEREhouston.com, HEREgeorgetown.com, and HEREsanantonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.