North Carolina: A Strategic Investment for Israeli Businesses
North Carolina offers a top-ranked business climate, an exceptional university system and great quality of life. Since 2005, Israeli companies have invested more than $590 million here and announced more than 1,000 new jobs.
Quality of Life
A low cost of living, access to quality healthcare and affordable housing, and a family-friendly reputation – the state’s capital, Raleigh, ranks No. 1 on Forbes’ list of Best Cities to Raise a Family – make North Carolina an ideal place to call home. North Carolinians also enjoy a moderate climate year-round and unique access to a variety of natural landscapes, flanked by the Great Smoky Mountains and Blue Ridge Mountains to the west and 300 miles (483 kilometers) of beautiful beaches to the east.
“It was a combination of decisions [that brought Shalag to Oxford, N.C.], mostly because of the distance to our existing customers in North America. The area was certainly a good point for importing the raw material – fibers – and for transportation.”
“We are excited about our entry into the U.S. market and about establishing our operations in North Carolina…I personally appreciate North Carolina’s assistance in our search for the best location for our new facility.”
Chairman of the BoardTosaf Compounds, Ltd.
“We are very excited about the additional investment in the Roxboro, [North Carolina] site. With the success of our last investment, we look forward to a bright future in the U.S. with our new expansion…We appreciated the support of the local community as well as the state of North Carolina in assisting us in providing high-quality people to match our state-of-the-art operation.”
Top-Ranked Business Climate
North Carolina consistently ranks as one of the top U.S. states for doing business by Forbes, CNBC, Chief Executive Magazine and Site Selection Magazine.
No. 2 Best State for Business and Careers – 2015 – Forbes
Reliable, low-cost electricity
North Carolina’s industrial electricity rates are over 8% less than the U.S. average.
Highly Skilled & Educated Workforce
North Carolina boasts three top tier research universities that include Duke University, North Carolina State University and the University of North Carolina at Chapel Hill, as well as a 58-campus community college system for workforce training.