Alabama is once again ranked among the most business-friendly states in the country.
The state placed sixth on this year’s Top States for Doing Business from Area Development Magazine, down one spot from it’s 2015 fifth place ranking. The results come from surveys of professionals in the site consulting industry.
The magazine, which covers site selection and facility planning, surveyed consultants, which have an insider’s view and an unbiased perspective, and asked them to provide their top state picks in 10 categories that impact companies’ location and facility plans. The responses were weighted with their No. 1 choice in each category receiving three points, No. 2 choice receiving two points, and runners-up in each category receiving one point. States were ranked based on the total of weighted scores in three overall categories and 18 subcategories, Business Environment, Labor Climate, and Infrastructure and Global Access.
The consultants ranked Alabama high in several of the categories including:
- No. 6: overall cost of doing business
- No. 6: corporate tax environment
- No. 6: business incentive programs
- No. 5: competitive labor costs
- No. 5: leading workforce development programs,
- No. 6: favorable regulatory environment
- No. 3: speed of permitting
- No. 6: most improved economic policies