Georgia is fifth-best state for business

Neat-o. Now, let’s raise taxes and ruin it! Wheeeeee.

The state of Georgia moved up 10 spots to No. 5 in the country in Forbes magazine’s list of the best states for business, published July 31.

The magazine used six criteria in its rankings: business costs, labor pool, regulatory environment, growth prospects, economic climate and quality of life. Georgia finished in the top 10 in economic climate, growth prospects, labor supply and regulatory environment.

“As for Georgia, several factors propelled its move up the rankings,” Forbes writes. “Ten years ago, just 21 percent of Georgia’s adult population had a college degree, badly lagging the national average. Today, 28 percent of the population has a degree — on par with the rest of the U.S. The jump is the second biggest improvement by any state after Maine.”

5 comments

  1. John Konop says:

    This is a few reasons why I stayed in Georgia and started a new business here.

    The cost of living in places like Cherokee is low making it a great place for employees.

    Also the cost for office space is low.

    The hope scholarship is a great selling point for Georgia.

    Also this part of the country has great places for families and couples in a short distance for entertainment.

    Atlanta area is a very friendly especially Cherokee County and has a good work ethic.

    THE DRAW BACKS WE SHOULD FOCUS ON

    Schools and traffic are the biggest complaint I get from employees who want out of our area.

  2. odinseye2k says:

    I could see Michigan being at the bottom of the pile (since it’s core in the auto industry is smoked), but I have a hard time believing that Massachusetts is a poor place for business.

    At least in the consumer realm, you are dealing with a state that has rather high median income, so there are a lot of people with spending money to look at local goods and services.

    Also, if you are looking as a tech business, those Northeast states are going to have a lot of highly educated people (and who seek out places with high standards of living) to source from.

    Georgia probably has some of the best of both worlds. Thanks to Atlanta, we have a solid intellectual and research base for the high tech stuff, and a pretty light tax load on the businesses.

    However, I’m thinking the Forbes version of “good place for business” is “good place to move into with an existing business.” It’s a useful part of building a good economy. We’re probably better working to keep improving schools and giving people that have had hard luck second chances (these people *really* appreciate them) so that we can build up domestic businesses that ship all their corporate receipts back here some day.

    There’s a lot more to a quality economy than being a good place for Kia to build a factory.

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