#3 North Carolina
8.00 out of 10 in Taxation and Regulation
6.94 out of 10 in Workforce Quality
8.11 out of 10 in Living Environment
Right to Work? ✓
A Growing Base for Educated Talent
The rapidly growing state of North Carolina now has more than 10 million residents and is the ninth most populous state in the U.S. Well- respected universities such as Duke and UNC Chapel Hill contribute to the strong talent base. Credit Suisse announced in May 2017 that it would invest $70 million and add 1,200 jobs to its Raleigh operations. Many of these jobs are being relocated from New York City and other areas to help reduce costs.
From the Governor
“North Carolina has so much to offer growing companies, including our celebrated universities and community colleges, highly skilled workforce, competitive business climate and outstanding quality of life.” —Gov. Roy Cooper
Film, Nanotechnology, Sciences
Job Development Investment Grant (JDIG): Provides cash grants to offset the cost of locating or expanding a facility. Approved companies will be reimbursed up to 100% of withholding taxes for up to 25 years for new jobs.
One North Carolina Fund: Enables the governor to respond quickly to competitive job-creation projects with awards based on the level of investment, number of jobs created and location of the project.
North Carolina Community College System Customized Training Program: Offers free and customized workforce training through the state’s 58-campus community college system for new and expanding companies.
Building Reuse Program: Offers grants such as the Community Development Block Grant Building Reuse program and Rural Division Building Reuse program to renovate vacant industrial and commercial buildings.
Economic Development Partnership of North Carolina: edpnc.com
North Carolina Department of Commerce: nccommerce.com
Raleigh Economic Development: raleigh4u.com
Charlotte Regional Partnership: charlotteusa.com
Highlighted Program or Initiative
North Carolina Technology and Innovation Hub in Raleigh will support Infosys’s clients and develop a robust training program with the North Carolina Community College System.
- CSX announced in July 2016 it would build a $160 million intermodal rail terminal and create 149 new jobs in Rocky Mount.
- Credit Suisse announced in May 2017 it will hire an additional 1,200 workers and construct a $70 million building at its campus in Research Triangle Park.
- Austrian company EGGER Wood Products announced in July 2017 it would establish its first U.S. manufacturing plant in Davidson County with a $700 million investment and 400 new jobs over the next six years.
- Allstate Insurance announced plans in August 2017 to expand its Charlotte operations center and add 2,250 new jobs by 2020.
- IT outsourcing firm Infosys selected Raleigh in September 2017 for its new innovation and technology hub.
12 Fortune 500 companies headquartered in state, including:
Bank of America
Laboratory Corp. of America Holdings
“GKN Driveline is a global leader in the automotive industry and our innovative all-wheel drive and eDrive technologies position the company for growth in the coming years. North Carolina is an important part of our strategy, with strategically located facilities and an outstanding workforce.” —Phil Swash, CEO, GKN Driveline
“Access to first-rate talent, the ability to work with highly innovative companies and superb higher education resources drew us to Research Triangle Park, and the area continues to impress us as a great place to do business.” —Dr. Ludo Reynders, CEO, Premier Research
“We looked at locations everywhere, including Seattle, Texas and Atlanta. Overall, North Carolina and Greensboro met our criteria best.” —Michimasa Fujino, President and CEO, Honda Aircraft