North Carolina is one of the top states in the U.S. that are thriving thanks to strong workforces, low business costs and pro-business regulatory environments, according to Forbes.

North Carolina ranks ¬†number 2 on Forbes’ just-released “Best States for Business and Careers” rankings. Last year, North Carolina was ranked 3rd.

According to the business magazine, NC is the only one to appear in the top five every year of their best states study.

Forbes wrote that NC boasts a strong labor force and business-friendly incentive, legal and regulatory environments. Labor costs are 10 percent below the national average and fifth lowest in the U.S., according to Moody’s Analytics.

“North Carolina attracted more new facilities and expansions in 2014 than any other state, according to Site Selection magazine. The influx has continued in 2015 with multiple major expansions. Novo Nordisk announced plans in August to invest more than $1 billion for a bio-manufacturing facility and more than double its workforce in North Carolina with an additional 700 jobs. A month earlier software firm Interactive Intelligence detailed plans to create 200 new jobs in Durham. Both companies cited the benefits of the Research Triangle Park area with its wealth of technical talent and strong universities.”

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