The state of Georgia ranks 8th on Forbes’ Best States for Business in December. With the cost of doing business at 2.4% below the national average, Georgia rose three spots from 11th on the list in 2011. Utah leads at number one for the third consecutive year.
Forbes used six categories, weighing 35 points of data, to determine the list for Best States for Business; Georgia ranked 2nd in regulatory environment, 6th in labor supply, 11th in growth prospects, 24th in business costs, 37th in quality of life and 40th in economic climate, in comparison to other states. Business costs, which include labor, energy and taxes, hold the most weight.
According to Forbes, Georgia’s gross state product is $419 billion, as of December. The job growth rate in 2012 is 1.3%. Large companies such as Home Depot, UPS, Delta, Coca-Cola, SunTrust Banks and Southern Company are headquartered in Georgia.
To see the full list, visit Forbes’ Best States for Business and Careers.