North Carolina Overview Brochure
Largest manufacturing workforce in the Southeast & the lowest corporate income tax in the US. No wonder North Carolina is where businesses thrive.
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The Next Generation of Financial Services
North Carolina stands as one of the nation’s premier hubs for finance and fintech innovation. Home to the headquarters of Bank of America, Truist, and nCino, along with a thriving ecosystem of global financial institutions, the state combines deep industry expertise with cutting-edge technology. Charlotte ranks as the second-largest banking center in the US, while Raleigh and Durham fuel fintech growth with world-class universities, startups, and research talent.
Citigroup Technology Inc. to Invest $16M in North Carolina Hub
Citigroup Technology Inc. announced a $16 million investment for a tech hub within the City of Charlotte, North Carolina, creating 510 high-paying jobs. North Carolina is a prime location for banking and financial services companies, with a talent pool of 232,000 professionals in financial services and 23,000 in fintech. The state is home to more than 200 financial services companies, and the Charlotte metro area is the second-largest banking center in the US.
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For the Fifth Year in a Row, North Carolina Ranks in Top Three States to Do Business
CNBC named North Carolina as second-best state to do business and in the top three for the fifth year in a row thanks to our well-trained and diverse workforce, booming economy, and strong business environment.
Learn MoreOur top-ranked business climate, low cost of living, and access to a highly educated workforce lay the perfect foundation for startups and industry stalwarts to achieve growth.
3
Fortune 500 Financial Services Headquarters
25%
Industry Growth Since 2019
Hub
for Bank of America, Ally, & Wells Fargo
23K
Fintech workforce
Low Taxes Boost Bottom Lines
A corporate tax rate of 2.25% (0% by 2030) and a flat personal income tax of 4.25% are just two contributors to North Carolina’s high business rankings. In fact, our state ranks #2 for Corporate Tax Structure.
The Epicenter of Fintech
Fintech firms like AvidXchange, LendingTree, nCINO, Payzer, and Spreedly are innovating the way North Carolina does finance. Other companies like NC Tech, Carolinas Fintech Hub, and Revtech Labs provide startups with the tools they need to thrive.
Bank on Quality Talent
North Carolina has one of the most educated workforces in the US. Over 11,000 students earn degrees in finance or business administration from our 52 colleges and universities annually. According to Forbes, Duke and UNC-Chapel Hill have top 15 business schools.
Finance from Here to Everywhere
In North Carolina, you’re only a flight away from major global financial markets. The state’s airports, including Charlotte Douglas International (6th busiest hub in the US), offer multiple direct daily flights to New York, San Francisco, Chicago, and London.
Financial Services and Fintech in North Carolina
Financial Services & Fintech by the Numbers
North Carolina’s consistently top-ranked business climate, low corporate tax rate, global accessibility, and finance-focused workforce allow fintech firms to flourish.
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01
Finance Labor Availability
With the second-largest financial center in the US, our finance professionals work at the top financial institutions in the world.
Source: Lightcast, 2024 -
02
Fintech Labor Availability
Our tech labor pool is uniquely concentrated within the financial services industry, making it easy to find experienced workers with industry expertise.
Source: Lightcast, 2024 -
03
Financial Services Industry Growth
North Carolina has the fastest-growing financial services industry in the country, growing at an impressive 30% rate since 2018.
Source: Lightcast, 2024
With the second-largest financial center in the US, our finance professionals work at the top financial institutions in the world.
Source: Lightcast, 2024
Our tech labor pool is uniquely concentrated within the financial services industry, making it easy to find experienced workers with industry expertise.
Source: Lightcast, 2024
North Carolina has the fastest-growing financial services industry in the country, growing at an impressive 30% rate since 2018.
Source: Lightcast, 2024
Frequently Asked Questions
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How strong is the fintech talent pool in North Carolina?
North Carolina has one of the strongest education systems in the country. Each year, more than 11,000 students earn degrees in finance or business administration from our 52 colleges and universities.
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Why is North Carolina considered a top hub for banking and finance?
North Carolina is one of the nation’s leading centers for banking and finance, anchored by Charlotte, the second-largest banking hub in the United States after New York City. North Carolina’s appeal comes from a combination of factors: a deep pool of financial talent, proximity to East Coast markets, competitive business costs, and a strong innovation ecosystem that connects finance with emerging fintech.
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Credit Karma to Establish East Coast HQ in Mecklenburg County Expansion
Credit Karma, a personal finance technology company, will add 600 new jobs in Mecklenburg County. The...
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Tax and Incentives Overview
The EDPNC assists companies in navigating the incentive process and connects companies to other resources available at the state and local levels.
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The EDPNC helps businesses large and small succeed in North Carolina. For assistance, fill out the form and a member of our team will be in touch.
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