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Alabama Ranked Top Five for Doing Business
MOBILE, Ala. (WPMI)Alabama is ranked among the top five states for doing business for the fourth consecutive year, according to Area Development magazine.
"Alabama has a positive business climate, and we're always working to attract more new jobs," Governor Robert Bentley said, "We have a strong workforce, and our job training program is recognized for excellence throughout the business community. We have a statewide economic development plan called Accelerate Alabama, which focuses on recruiting high-paying jobs from a variety of industries. We're spreading the message that Alabama is a great place to do business, and I'm proud that, once again, Area Development is recognizing Alabama's progress."
According to the Governor's office, Alabama is ranked fourth in the nation in 2013 Top States for Doing business published on Friday by Area Development. Alabama is also ranked ad a top-five in 15 specific economic development categories. Within those categories, Alabama ranked:
#1 for Competitive Labor Costs
#2 for Right-to-Work Environment
#2 for Speed of Permitting
#3 for Overall Labor Climate
#3 for Cost of Doing Business
#3 for Competitive Utility Rates
#3 for Most Favorable Regulatory Environment
#3 for Incentive Programs
#4 for Consultants' Site Location Choice - States Most Mentioned by Respondents
#4 for Overall Business Environment
#4 for Overall Top Ten State for Doing Business
#4 for Leading Workforce Development Programs
#4 for Overall Infrastructure & Global Access
#5 for Cooperative State Government
#5 for Certified Sites/Shovel Ready Programs
Area Development got these ranks from a survey of leading site selection consultants nationwide. They asked a group of highly-respected consultants who work with a nation-wide client base to name their top-five state choices in several site selection categories.
Area described Alabama as having a proven track record in economic development.
"These rankings have real meaning because they are driven by the very site consultants who have actually done business across the nation, the Southeast and in Alabama," Alabama Department of Commerce Secretary Greg Canfield said, "Our continued year-over-year improvement in the number of top-five rankings is further proof that Governor Bentley's economic development priorities are taking root and producing real results across our state."