Raleigh listed as top spot for business

Raleigh has been listed by Forbes magazine as the top spot in the US for doing business and advancing a career. Durham is listed as number seven.

News and Observer
April 5, 2007
Business editorial

Raleigh is the top place in the nation to do business and advance a career while Durham is close behind at No. 7, according to Forbes magazine.

In it's annual Top Ten Places for Business and Careers list, Forbes notes that Raleigh and Durham, like much of the Southeast, boast strong job growth and low business costs. North Carolina and Tennessee are the only states to count two cities on the list.

Last year’s No. 1 spot, Albuquerque, N.M., fell to sixth place due to slower household-income growth. Still, most economies in the West outperformed their peers in the Northeast and Midwest, but have seen a dramatic increase in living costs. Criteria for rankings include job and income growth, business and living costs, education of the workforce, migration trends, and quality-of-life issues such as crime rates and cultural opportunities.