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North Carolina Businesses: How Do They Stand It?

Post on August 29, 2007 by 3 Comments »

forbes.bmpMore news recently about the "crushing" tax and regulatory burden that plagues North Carolina's business community. According to those left wing softies at Forbes.com, the state now ranks third in the nation on the magazine's "Best States for Business" list.  

Our best scores? Business costs (6th), regulatory environment (2nd), and growth prospects (5th).

Our worst? Labor (as in "quality of" – 22nd), economic climate (27th) and quality of life (30th).

Interestingly, many of the states with the highest quality of life (Minnesota, Massachusetts, Connecticut) ranked near the bottom under "business costs." Guess we should prepare ourselves for a new set of reports from NCCBI (sorry, The Chamber), Locke and Civitas about the need to stop worrying so much about business taxes and regulation and to start ratcheting up our investments in education, environmental protection and other quality of life expenditures.   

Possibly related posts:

  1. North Carolina gets an “F” in teaching civil rights
  2. What we have to look forward to if the marriage amendment passes
  3. Capping the Gas Tax Could Put North Carolina in the Slow Lane
  4. One to watch this Friday…

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Comments (Closed):3

  1. James
    August 29, 2007 at 2:00 pm

    Excellent.

  2. Brian
    August 29, 2007 at 3:06 pm

    Someone needs to tell the folks of Minnesota, Connecticut and Massachusetts about their high “quality of life.” According to Census domestic migration data, these three states were net population losers of close to 200,000 people to other states during the years 2000-04.

    Annual migration rates were negative for all three states during this time frame, with Massachusetts losing the second highest share of its population to other states (among the 48 contiguous states). Connecticut and Minnestota ranked 13th and 16th, respectively.

    Furthermore, New Jersey rated third in terms of quality of life while being among the top 5 in terms of domestic migration losers.

    The state with the highest rate of domestic in-migration during 2000-04? Nevada – which ranked 48th in Forbes “quality of life” category.

    In short, the editorial board at Forbes can not come close to judging “quality of life” for millions of individuals – people can best judge for themselves what determines their own quality of life. These people are voting with their feet, and the results are in stark contrast with the folks at Forbes.

    By the way, the migration data shows that people from high tax states are choosing to move to lower tax states – irregardless of some magazine editors’ definition of “quality of life.”

  3. Jim Stegall
    August 29, 2007 at 10:39 pm

    They’re only leaving the north to spread the good word and teach us shoeless natives the ways of enlightened civilization, bless their self-less souls.