The capital city took the top spot in the magazine's first America's Best Cities ranking.
According to an article published Wednesday, Businessweek based the number one ranking on school performance, cultural amenities Raleigh has to offer and it's more than 12,000 acres of parks.
Raleigh's close proximity to Research Triangle Park also played a role in the top ranking.
The City of Oaks is home to North Carolina State University, the Carolina Hurricanes, and a plethora of restaurants, bars and museums.
The City of Durham also appeared in the Businessweek poll at number 37 out of 50. It is touted as being a hub for the healthcare industry and the home Duke University.
It has weathered economic changes that have plagued the nation by maintaining a below-average unemployment rate. The City of Medicine also has one of the lowest rates of foreclosures among the cited on the Best Cities list.