CNBC Names North Carolina the Top State for Business

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CNBC has named North Carolina as America’s Top State for Business in 2022. Governor Roy Cooper joined CNBC’s Scott Cohn at the Oceanic at the Crystal Pier in Wrightsville Beach for a live broadcastwhere the winner was revealed during the network’s morning program on July 13, 2022.

(Photo Credit: Screenshot captured during CNBC Interview on July 13, 2022)

“North Carolina is the best place in America to do business and the main reason is our people,” Governor Cooper said. “This is a great honor, and we’re going to continue to work with our state legislature, businesses, education leaders and employees to build the talented workforce and resilient infrastructure needed to support the high paying jobs of the next generation.”

According to CNBC’s report, “The Tar Heel State has always been a contender in CNBC’s annual competitiveness rankings, rarely finishing outside the top 10 since the study began in 2007. The state finished a close second last year. But 2022 is the first year it has been able to climb to the top.

“North Carolina is proud of its economic success that continues to garner national recognition like being CNBC’s Best State for Business,” said North Carolina Commerce Secretary Machelle Baker Sanders. “Last year, we announced more than 24,000 new jobs and investments exceeding $10.1 billion from future-focused companies in fields like biotechnology, computers, and electric vehicles. There are many factors for our success, including our central East Coast location, premier quality of life and low cost of business, but our greatest asset is our diverse and highly-skilled workforce that is supported by our top-rated education system.”

Since 2017, North Carolina has announced over 95,000 jobs including announcements from companies like Apple, Vinfast, Toyota and Centene Corp. This historic recruitment success in both rural and urban parts of North Carolina continues to add value to the manufacturing and clean energy industries already thriving here.

The CNBC study measures all 50 states across 10 categories of competitiveness, for a total of 2,500 possible points. North Carolina scores 1,580 points to capture this year’s crown. The network’s methodology assigns a weight to each category based on how frequently states cite it as a selling point.

*This article was adapted from a press release sent by Governor Roy Cooper’s Office and the CNBC website article which can be accessed here.


Media Relations Contact:

Maria Satira
Director of Marketing and Communications
Greenville - Eastern North Carolina Alliance