Year after year, North Carolina is consistently recognized for our pro-business environment. .

Our success is fueled by a competitive tax climate–with the lowest corporate income tax in the United States–as well as a favorable legal and regulatory environment, and growing workforce.

Business Climate

North Carolina ranks among the best business climates in the U.S., having ranked as one of Forbes’ top 5 Best States for Business for 11 consecutive years.

#1

Best States for Business

Forbes

2017

#2

Business Climate Ranking

Site Selection

2016

#3

Best State for Business

Chief Executive Magazine

2017

Tax Climate

North Carolina has a proven commitment to reducing and streamlining business taxes. The state reduced its corporate income tax rate to 3 percent beginning in 2017 and will have fully phased-in single sales-factor apportionment beginning in 2018 for corporate income tax.

3%

Corporate Income Tax Rate, Lowest in the United States

Tax Foundation

2017

#1

Lowest State and Local Business Tax Burden

Ernst & Young

2016

#5

Lowest Effective Tax Rate for Mature Corporate HQs

Tax Foundation and KPMG

2015

Low Business Costs

Business costs in North Carolina rank among the lowest in the nation. Reliable, low-cost electricity, construction costs well below the U.S. average, competitive labor costs and a low cost of living make North Carolina a profitable place for business.

#2

Lowest Business Costs

Forbes

2016

#5

Competitive Utility Rates

Area Development's Top States for Doing Business

2015

15%

Lower Construction Costs in North Carolina Metros vs. U.S. Average

RSMeans Construction Cost Index

2016

Legal & Regulatory Environment

Recent tort reform and the strengthening and streamlining of business courts in the state have earned North Carolina legal climate rankings among the best in the U.S.

#7

Legal Climate Ranking

U.S. Chamber Institute for Legal Reform

2015

#5

Overall Treatment of Tort and Contract Litigation

U.S. Chamber Institute for Legal Reform

2015

#7

Best Regulatory Environment

Forbes

2016