In our current economic status, companies throughout the U.S. are facing a number of challenges, from the credit crunch to soaring commodity prices. In Forbes 10th annual ranking of the Best Places for Business and Careers,  #1 on the list is  Raleigh, N.C.   Following on the list, the Southeast is home to half of the top 10 for a third straight year.

For the second straight year, low business costs, strong job growth and a very educated labor supply have contributed to the outstanding ranking. According to Forbes, business costs are 14% below the national average, and the area boasts one of the most educated labor supplies in the country, with 38% of the adult population possessing a college degree and 12% holding a graduate degree. Raleigh has seen a growth of new residents over the last few years; net migration has averaged 25,000 or 2.4% of the population, seventh highest in the country.  Contributing to the growth are big employers in the area like Cisco SystemsGlaxoSmithKline and the SAS Institute.

Throughout the list, a common factor for the top ranked metros include solid job growth, an educated labor supply and low business costs. Forbes rankings cover the 200 largest metro areas (populations over 240,000) as defined by the U.S. Office of Management and Budget and are based on nine factors. The economic research company, supplied data on five-year historical job and income growth as well as migration trends. The business cost index, which looks at labor, tax, energy and office space costs and its living cost index, which factors in housing, transportation, food and other household expenditures was also reviewed.

Raleigh is ranked among the top of many "Best Places to…” lists, it is a wonderful place to work and play!   It offers many advantages, opportunities and possibilities. Get started on your search for the perfect home in the area!