NASHVILLE, Tenn. (AP) — Site Selection magazine has chosen Tennessee as the nation's second best state for it's business climate.

The publication's November issue lists North Carolina as the No. 1 state. Tennessee has moved up 3 places as it was ats No. 5 a year ago.

The ratings are based on performance in business expansion and relocation, plus a nationwide survey of corporate real estate executives.

Gov. Phil Bredesen said in a news release that the state has made "incredible progress in making Tennessee the kind of state where business knows it will be treated fairly."

Commissioner Matt Kisber of the Tennessee Department of Economic and Community Development said the state has shown that raising educational standards, expanding workforce development and putting in place flexible incentives is the right formula to create jobs.

Source www.WREG.com News Channel 3