Raleigh : Forbes Magazine's #1 Place For Business And Careers
Raleigh Is America’s #1 Place To Do Business
Raleigh once again topped Forbes Magazine’s 13th annual list of The Best Places for Business and Careers. Raleigh, N.C. is noted as one of those locales with a strong university presence helping fuel growth in the area. Raleigh and nearby Durham (ranked No. 31) get a strong boost from three elite schools in the surrounding area in University of North Carolina, Duke University & North Carolina State.
“Low business costs (18 percent below the national average) and a smart labor force (42 percent have a college degree) make Raleigh, North Carolina’s Capital City, an attractive spot for employers like Progress Energy,” the magazine wrote. “Job seekers get it: The net migration rate to Raleigh was the 2nd highest in the U.S. over the past five years.”
Forbes Magazine’s ranking of Best Places looks at the 200 largest metropolitan statistical areas in the U.S. These range in size from the New York City metro, with to 11.6 million people, to Laredo, Texas, home to 252,000 people. They consider 12 metrics relating to job growth (past and projected), costs (business and living), income growth, educational attainment and projected economic growth.
Forbes also factors in quality of life issues like crime rates, cultural and recreational opportunities and net migration patterns. Lastly they included the number of highly ranked colleges in an area per their annual college rankings.
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