Corporate Executives Say Texas and the Carolinas are Best for Business, Increase in Manufacturing Facilities Predicted: Third Edition of DCI Survey.Business Editors OAKLAND, Calif.--(BUSINESS WIRE)--Sept. 24, 2002 Texas, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. have the most favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. business climates in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new survey of 287 senior-level American corporate executives. California leads the ranking of "least favorable" business climates, followed by New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Massachusetts. The survey was conducted by Development Counsellors International, a New York-based marketing firm that specializes in economic development, and unveiled here today to members of the International Economic Development Council, a membership organization that consists of thousands of economic development professionals from around the world. This is the third edition of this study. Previous editions appeared in 1999 and 1996. "Most Favorable" and "Least Favorable" Business Climates: When asked to name three states that have the most favorable business climate among all U.S. states A U.S. state is any one of the fifty subnational entities of the United States, although four states use the official title "commonwealth". The separate state governments and the federal government share sovereignty, in that an American is a citizen both of the federal entity and , 25% named the Lone Star Lone Star (or Lonestar) may refer to:
Corporate executives identified California, New York, and Massachusetts as having the "least favorable" business climates in America. California's negative rankings increased most dramatically from 25% in the 1999 survey to 57% in 2002. Survey respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. were asked to rate the business climate in six U.S. regions. The South held on to its number 1 spot, with 70% of respondents giving it high marks. The Midwest (52%) retained its second place spot while the Plains (37%) captured the third place spot. The Pacific experienced the largest decrease in the rating, losing 19 percentage points in 2002 vs. 1999, to fall to fifth place. The respondents were also asked to name the European countries with the best and worst business climates. The results closely mirror the 1999 findings. For the best business climates, the United Kingdom took top honors with 68%, followed by Ireland (46%), Germany (36%), Spain (29%) and the Netherlands (23%). For the worst business climates, 63% named France, followed by Germany (34%), Italy (32%), and Greece (28%). Growth in Manufacturing Facilities Predicted: Asked what type of facility was the most likely candidate for their next expansion or relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. , a hefty 44% said manufacturing/production plant, far outpacing corporate, division or regional headquarters (19%), distribution center (15%), regional sales office or service center (14%), or back office facility (8%). This was a major shift from 1999, when just 20% of the respondents said that a manufacturing operation would be their next facility, ranking it third behind regional sales and service center and corporate, division or regional headquarters. Survey respondents included presidents/CEO's, vice presidents and senior corporate real estate executives at companies with annual sales in excess of $100 million. Founded in 1960, Development Counsellors International has developed economic development marketing programs for 23 countries, 35 states and more than 100 cities and counties around the world. A full copy of the survey findings is available online at DCI's website (www.aboutdci.com). |
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