Florida is among best states in which to do business

Florida has ranked within the top 10 states in which to do business in a list compiled by Forbes magazine.

Florida ranked number seven and North Carolina first in the Forbes best states for business in 2017 list, based on seven criteria and published by the magazine last month.

North Carolina ranked second lowest in business costs, high in offering incentives, and boasted a young, educated workforce. Rates of people moving into the state are high, and the state is the only one to rank among the top five for 12 straight years.

Texas, with the second largest economy in the United States after California, came in second. The state has strong employment, and 10 percent of the 1,000 largest public and private companies in the United States are based in the state.

Utah, formerly first, came in third this year because of rising labor costs and a weaker economic forecast.

Nebraska and Virginia round out the top five on the list. Nebraska has a low unemployment rate of 2.9 percent, which is among the lowest in the United States. Virginia offers strong incentives and government policies that are friendly to businesses.

Florida followed Georgia on the list. Rounding out the top 10 were Colorado, North Dakota and Indiana.

West Virginia ranked as the worst state on the list for the third year in a row. Also low-ranking were New Mexico, Vermont and Alaska.

The rankings were based on business costs, labor supply, regulatory environment, economic climate, growth prospects, quality of life and population.

The Miami law firm Pollack, Pollack & Kogans LLC represents clients in all areas of business law. The business litigation firm acts as local counsel for out-of-state and foreign attorneys, in the fields of complex civil and commercial litigation, probate litigation, injunctive relief, judgment and debt collection, contract litigation, landlord- tenant disputes, legal ethics dilemmas, securities arbitrations, and all business concerns and disputes.