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.
Having a Presence in North Carolina Makes Strategic Sense
- Largest manufacturing workforce in the Southeast
- More than 22,500+ STEM degrees annually
- 53 colleges and universities, more than 800,000 students at its 58 community colleges state-wide
- Home to beautiful mountains, swinging bridges, 300 miles of beaches, waterfalls, zoos and national parks
- 3rd largest military workforce in the nation. More than 82% of the individuals leaving the military in the next three years will be 30 years old or younger and have in-demand experience in engineering, technology, healthcare, communications, research and more
- In 2018 Forbes rated NC #1 best state for business
- 2.5% lowest corporate tax in the US
- Building cost 16% below national average
- Award winning symphonies, museums and theaters throughout the state
- Enjoy legendary golf courses or watch professional sports teams like the Carolina Panthers, Charlotte Hornets, NASCAR or the Carolina Hurricanes
- Home to the fastest growing craft breweries in the nation
- Continually ranked as one of the best business climates in the US. Forbes rated NC top 5 best states for business for 11 consecutive years
- Excellent quality of life – a moderate climate, excellent recreational opportunities, culture rich history and arts.
- Key East Coast transportation hub with a strong infrastructure: 4 major international airports, 2 seaports, and the largest consolidated rail system
- Home to one of the largest healthcare systems in the county
LOW TAXES
LOW BUSINESS COSTS
UNPARALLELED INNOVATION
Legal Environment
We believe low taxes are better for businesses and the people they employ.
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.
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.
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.