Top States for Doing Business in 2024: A Continued Legacy of Excellence

Business rankings are in, and guess what? The Southern states are shining bright once again.

The Top States for Doing Business know a thing or two about creating an attractive business environment. The top states closely manage their taxes and incentive programs, keep their labor force fresh, trained and accessible and maintain infrastructure like energy and water. They're also responsive to business needs and to changes in climate.

Area Development's Top States for Doing Business results are derived from a detailed survey of expert consultants, and shed light on what makes a state a great place for businesses to thrive. We surveyed smart individuals across a range of 14 key questions, including overall cost of business, to tax incentives, availability of energy and water, climate resilience, workforce and site readiness. Join us as we celebrate the states that are leading the way and analyze why they are making such a big difference in the business world.

For the eleventh consecutive year, Georgia claims the top spot, a testament to its robust pro-business environment. The Peach State›s consistent performance across various categories makes it a perennial favorite for businesses looking to expand or relocate. Georgia›s ability to sustain its leadership position speaks volumes about its strategic investments in infrastructure, education, and policy frameworks that foster business growth and economic resilience.

A key factor in Georgia's sustained success is its nationally acclaimed workforce development program, Georgia Quick Start. Offered through the Technical College System of Georgia, Quick Start provides customized training for new and expanding businesses, particularly in manufacturing, biotechnology, and information technology. This program has been pivotal in attracting companies that require tech-savvy workers with specific skills, bolstering the state's competitive labor market.

Georgia's logistics and infrastructure capabilities are another major contributor to its top ranking. The state is home to the world's busiest airport, Hartsfield-Jackson Atlanta International Airport, and the fastest-growing container port in the nation, the Port of Savannah. These assets, combined with a robust road and rail network, enable efficient movement of people and goods across the state and globally. This strategic advantage supports a wide range of industries and enhances Georgia's appeal as a prime business location.

Additionally, Georgia's favorable cost of doing business, characterized by competitive tax rates and incentives, makes it an attractive destination for companies. The state's business-friendly policies, coupled with its commitment to maintaining a low operational cost environment, create an ideal climate for business growth and investment.

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