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.
North Carolina Ranked CNBC’s #1 State for Business
For the second year in a row, CNBC has named North Carolina America’s Top State for Business. A world-class workforce played a major role in securing the top spot as did a thriving economy and a low cost of living.
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
30%
industry growth since 2018
Hub
for Bank of America, Ally, & Wells Fargo
22K
Fintech workforce
Low Taxes Boost Bottom Lines
A corporate tax rate of 2.5% (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 in the top 10 states for lowest business tax burden in the country.
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 9,000 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 (7th 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
Featured Resources
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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...
Publication
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.
Contact Us
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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