published Wednesday, May 7th, 2014

Georgia, Tennessee ranked top states for business success

Chattanooga is straddling the best states in America in competing for business, according to Site Selection magazine.

The business publication on Tuesday ranked Georgia No. 1 and Tennessee No. 2 in the magazine's annual list of the most competitive states for economic development success.

Georgia displaced Texas, which had been No. 1. Texas fell to No. 3 in the newest ranking, behind both Georgia and Tennessee.

Mark Arend, editor of Site Selection, said most of the top states were in the Southeast, including No. 4 Louisiana and No. 5 North Carolina. Georgia was ranked No. 1 by the magazine last November for also having the best business climate in a separate rating of the states.

"Is this a pattern?" Arend asks in the magazine's cover story.

Georgia Gov. Nathan Deal said he thinks it is.

"When I took office in January 2011, I made a promise to the people of Georgia that we wouldn't stop until our state was the No. 1 place in the nation to do business," Deal said. "These rankings are not only a testament to our strong business climate, but they also speak to the commitment and support from our industry partners, communities and people of Georgia."

The No. 2 ranking for Tennessee is the best in Site Selection's annual list of competitive states since the Volunteer State was ranked No. 1 in 2008.

Bill Hagerty, Tennessee's commissioner of economic and community development, said, "Tennessee is at the apex of economic development nationwide and arguably across the globe."

Site Selection ranks states based upon 10 factors, including total new and expanded facilities announced last year, new jobs added in 2013 and the state's tax rankings by the conservative Tax Foundation.

Contact Dave Flessner at dflessner@timesfreepress.com or at 757-6340.

about Dave Flessner...

Dave Flessner is the business editor for the Times Free Press. A journalist for 35 years, Dave has been business editor and projects editor for the Chattanooga Times Free Press, city editor for The Chattanooga Times, business and county reporter for the Chattanooga Times, correspondent for the Lansing State Journal and Ingham County News in Michigan, staff writer for the Hastings Daily Tribune in Nebraska, and news director for WCBN-FM in Michigan. Dave, a native ...

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