Here’s more ammo to fight the anti-taxers who claim North Carolina’s taxes are bad for business. Six of Forbes magazine’s top 20 cities for business and careers. Indeed, its report is subtitled: “Raleigh, N.C., and its fellow Tar Heel metros shine in our annual look at America’s largest cities.” If you can get to the piece without smirking too much at the welcome screen’s “Thought for the day”, which is John D. Rockefeller’s chestnut, “I believe the power to make money is a gift from God” (that’s what they said at Bear Stearns! And AIG! And everywhere else!), then you’ll be on your way to finding out that business people like North Carolina just fine that way it is.
Ranking number one in the listings for the third year in a row, Raleigh is merely the leader of a spate of NC cities doing right by business.
‘Raleigh is holding up better than any other place in North Carolina,’ says Matthew Martin, an economist at the Federal Reserve Bank of Richmond, Va. He cites the significant higher education presence and low manufacturing base in the area for Raleigh’s steady economy.
Keeping Raleigh company at the top are fellow Tar Heel State metros Durham (ranked third), Asheville (sixth), Wilmington (13th), Winston-Salem (18th) and Charlotte (19th).
There’s a little more blabbing on about some other cities and states, before capitalism’s ongoing crisis is summed up on a high note.
The current recession is too deep and widespread for even our best-rated cities to escape damage. Yet when things do turn around, expect many places ranked at the top to be at the head of the pack, notes Marisa Di Natale, an economist at Economy.com.
You can check out Wilmington’s take on their ranking here. No other cities seem to have much to say about the Forbes list, probably because they’re busy covering record unemployment. Just a guess.