CEO Guide to the States

North Carolina

TECH IN THE TARHEEL STATE

The Tarheel State remains a hotbed of economic growth, especially in the fields of tech and manufacturing. Charlotte recently ranked as one of the nation’s 10 fastest-growing economies, according to the Kenan Institute of Private Enterprise at UNC Chapel Hill. Home to three Tier 1 research universities, more than 7,000 companies and a highly skilled workforce, the Research Triangle continues to attract a growing number of multibillion-dollar projects. Semiconductor manufacturer Wolfspeed announced in 2022 it will construct a $5 billion plant and create 1,800 jobs in Siler City, a projectofficials say will completely transform the area.

“North Carolina is one of the top locations in the world for pharmaceutical, and innovative manufacturers like BestCo help keep us there….Life science companies rely on the educational and workforce training systems we’ve built for their specific needs, and we’ll continue to invest in the workers who power this important industry in our state.”
Roy Cooper
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

Yes

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2010 and 2020

KEY INCENTIVES

Job Development Investment Grant: A performance-based discretionary incentive program that offers cash grants to new and expanding companies, based on a percentage of personal income tax with- holdings associated with new jobs created.

One North Carolina Fund: A discretionary cash grant program that enables the governor to quickly respond to job-creating competitive projects considering locations outside of North Carolina.

JDIG for a High-Yield Project: Offers a JDIG grant worth up to 90% of personal income withholdings for up to 20 years for a company that creates 1,750 jobs and invests at least $500 million in a project.

JDIG for a Transformative Project: Offers up to 90% of personal income withholdings for up to 30 years for a company that creates 3,000 jobs and invests at least $1 billion.

EDCs

Economic Development Partnership of North Carolina

edpnc.com

North Carolina Department of Commerce

nccommerce.com

Raleigh Office of Economic Development

raleighnc.gov/business

Charlotte Regional Business Alliance

charlotteregion.com

HIGHLIGHTED PROGRAM OR INITIATIVE

In January 2022, the North Carolina Department of Commerce announced new small business grant funds for the One North Carolina Small Business Program.

Grant awards help small businesses develop and commercialize innovative new technologies. Companies in economically distressed areas may quality for larger awards or relaxed eligibility restrictions.

BIG DEALS

  • Global healthcare leader Eli Lilly announced in January 2022 a $1 billion facility and 600 jobs in Concord.
  • BestCo announced in February 2022 a $177 million expansion and 394 new jobs in Mooresville.
  • International steel manufacturer Nucor Corporation announced in April 2022 a $350 million facility and 180 new jobs in Davidson County.
  • Pisgah Laboratories announced in July 2022 a $55 million manufacturing facility and 57 new jobs in Transylvania County.
  • Biotech manufacturing company ABEC announced in August 2022 an $11 million facility and 251 new jobs in Wilson.
  • Wolfspeed announced in September 2022 a $5 billion plant and 1,800 new jobs in Siler City.
  • Food processing company SOPAKCO announced in October 2022 an $85 million expansion and 440 new jobs in Scotland County.

BIG COMPANIES

13 Fortune 500 companies are headquartered in the state, including:

  • Lowe’s Companies
  • Bank of America
  • Nucor
  • Honeywell International
  • Duke Energy
  • Truist Financial
  • Laboratory Corp. of America
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

We are in a period of rapid change. Customer needs, technologies, competitors and internal capabilities require companies to review and update their strategies for the new realities. In this workshop, strategy experts Steve Rutan and Denise Harrison will show you a systematic approach to strategic planning to help you refine or redefine your business strategy and approach including:

  • Learn what you need to know to develop an effective strategic plan. Put the right players on the strategic planning team.
  • Develop strategies that leverage your company’s unique position in the marketplace. Lift your management team beyond “business as usual” thought processes and activities.
  • Translate your strategies into action. Achieve your vision for success and generate superior financial results.
  • Identify exactly what you need to do now to position your company for future success.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.