Business Climate

Business Climate

YEAR AFTER YEAR, NORTH CAROLINA IS RECOGNIZED FOR ITS PRO-BUSINESS ENVIRONMENT.

EXPERIENCE THE MOMENTUM

Lenovo

Find out how the talent, resources, and business climate of North Carolina have helped international software powerhouse Lenovo create the AI of the future.

Low Taxes
We believe low taxes are better for businesses and the people they employ.

North Carolina has a proven track record of reducing and streamlining business taxes. At 2.5 percent, our state has the lowest corporate income tax rate in the country. We’re committed to helping businesses grow — and our tax rates won’t cut into your bottom line.

Low Business Costs
Expansion is less expensive here.

Building costs, 16 percent below the national average. Electricity costs, 7 percent below the national average. Cost of living, up to 11 percent below the national average in major metropolitan areas. Across many key indicators, we come in under budget. North Carolina’s business costs rank among the lowest in the nation, making our state a more profitable place to work.

Unparalleled Innovation
Across our state, our talented workforce is patenting new ways to work smarter.

North Carolina businesses lead the nation in innovation with 70 percent patent growth over the past 10 years. Our ample resources, highly skilled workforce, and renowned education systems all contribute to our state’s future-minded ingenuity.

Favorable Legal & Regulatory Environment
In North Carolina, legal roadblocks won’t hamper how you gain speed.

Recent tort reform, streamlined practices and the strengthening of business courts in the state have earned North Carolina accolades and rankings among the best legal climates in the U.S. What does this mean for you? When there’s less red tape and litigation, your business can reach new heights, faster.