North Carolina has been named the 2012 State of the Year by Southern Business & Development, which focuses on economic development. The award is based on North Carolina's economic-development performance during 2011.
It is the third time the state has received the honor, including 2005 and 2006.
The publication ranks states based on each project announced with a minimum of 200 jobs and/or $30 million investment.
In 2011, North Carolina had 89 projects that met or exceeded the publication's threshold, more than any other state. It landed projects in nearly every industry sector, including furniture, data centers, headquarters, financial services, health care, food and beverage, pharmaceuticals, biotech and automotive. Read more.