State Wins Award for Economic Competitiveness

Monday, Governor Mike Easley announced that the North Carolina Department of Commerce has been named the winner of the 2005 Competitiveness Award by Site Selection, one of the nation’s premier magazines in the economic development industry.

The award, which is in its fourth year, is given to the state-level economic development department that scores the highest based on 10 criteria.

The 10 award criteria include the state’s ranking in Site Selection’s annual survey of best business climates. North Carolina has ranked No. 1 in the survey for four of the past five years, including 2005. Other criteria, based on 2005 activity in the state, include: total new and expanded facilities per one million people; total capital investment in new and expanded facilities per one million people; number of 100-plus job projects per one million people; and total number of new and expanded facilities.

Based on the 10 criteria, N.C. Department of Commerce scored 141 points, well ahead of second place Tennessee, which received 130 points, and third place Alabama, which received 124 points.