As a business leader, or employer of any type in North Carolina, you’re facing new challenges from the COVID-19 pandemic. EDPNC is here to help you navigate these unique economic challenges in the days ahead.
A premier location for business and financial services, North Carolina is home to the second-largest banking center in the United States. Our 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.
From fintech trailblazers like AvidXchange and LendingTree to industry leaders like MetLife, Fidelity and Credit Suisse, our state has become a nexus of growth and opportunity. By combining North Carolina’s exceptional talent with its spirit of innovation, local startups and financial giants alike have been at the forefront of innovation in the financial space.
At 2.5 percent, North Carolina has the lowest corporate income tax rate in the United States. In fact, North Carolina offers a low tax burden across the board. Ernst & Young and the Council on State Taxation rank North Carolina No. 1 for lowest state and local tax burden in the U.S.
North Carolina boasts one of the most educated workforces in the U.S. Raleigh ranks No. 2 and Durham ranks No. 3 among the Most Educated Cities in America. In addition, our 53 colleges and universities ensures our talent pipeline will always be full.
By developing big ideas and innovative products, AvidXchange has grown a 5-person startup to a 1,200+ person powerhouse in the fintech space. And they’re just getting started.
