Georgia and Tennessee are the best states in the country for business, according to a new ranking by site consultants and editors of Area Development magazine.
In its annual feature on "Top States for Doing Business," the trade publication ranked Georgia as the No. 1 state for the ninth consecutive year. Neighboring Tennessee moved up in 2022 to the No. 2 position, while Alabama ranked No. 6 as Southern states continued to dominate those states identified as the best locations for new and expanding business.
The prime reason for the Southern advantage has to do with costs, according to Area Development Editor Steve Kaelble.
"It's worth noting that of the 10 states that lead our overall list, all but two are also atop the rankings for their overall cost of doing business," Kaelble reported in the new issue.