Top State for Business - CNBC, 2022 & 2023
#1 Lowest Corporate Income Tax Rate in US
#1 State For Workforce
Top 10 State for Starting a New Business
Top 5 Fastest-Growing State in the US
Why North Carolina
Workforce & Education
It's not hard to find talented, skilled and educated workers in North Carolina. Our diverse workforce is closely tied to the state’s top-tier universities and 58-campus community college system.
The weather might be mild, but the business climate is hot. With a 2.5% and falling corporate tax rate, North Carolina is continually ranked as one of the best business climates in the United States. Just recently, CNBC named the state as America’s Top State for Business.
No matter where you are in North Carolina, it's easy to make connections. Our central location on the eastern seaboard and excellent transportation infrastructure provides an optimal point of access to markets while keeping freight and delivery costs low.
Quality of Life
Tens of thousands of newcomers relocate to North Carolina every year. A cost of living 11% below the national average helps. So does culture-rich history and arts, quality health care, an unmatched education system, and excellent recreational opportunities. It’s almost unfair to the other 49 states.
Targeted, performance-based incentive programs help ease the tax burden and lower the overall costs of doing business in North Carolina. Discretionary cash-back programs, block grants, sales and property tax exemptions, and foreign trade zones are just some of the growth-minded incentives available.
North Carolina is committed to the clean energy transformation. Not only is it the top state in offshore wind energy potential on the east coast, but it’s also ranked #1 for renewable energy leadership. The state’s investment in renewable energy sources has allowed its businesses to meet their sustainability goals. Having some of the lowest energy costs in the country is also beneficial.
Innovation is Elemental in North Carolina
Technologies like AI, fintech, mobility, and life sciences are driving ahead at full speed in this state, and a world-class workforce is behind the wheel.
Lower taxes have put North Carolina on top.
Sweeping tax reforms over the past ten years have accelerated the state’s ability to support flourishing businesses. North Carolina has the 3rd best effective tax rate for new businesses and the 5th best for mature ones. Plus, the 2.5% tax rate will drop to 0% by 2030. Read all about it in the KPMG and Tax Foundation study and North Carolina's Tax Competitiveness White Paper.
Discover all that North Carolina has in store for you.
LET YOUR CAREER GROW WHERE QUALITY OF LIFE THRIVES.
See what it's like to work and live in North Carolina.