Magazine ranks NC business climate No. 1

RALEIGH -- Site Selection magazine has ranked North Carolina No. 1 in the country for its business climate.

The magazine cites new high-tech development and North Carolina's technology-focused academic centers as strengths for business growth.

Texas ranked No. 2, Virginia, Ohio and Tennessee.

The annual rankings are determined by the number of new and expanded business facility projects in each state and other factors including transportation infrastructure, existing work force skills and state and local taxes.

Site Selection magazine is an economic development publication.

(Copyright 2009 by The Associated Press. All Rights Reserved.)