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When Quality of Life Closes the Location Decision Deal

Mark Crawford (Dec/Jan 10)
When it comes to choosing a location, quality of life is a minor consideration for some. But for others, it makes all the difference. More

Best-Performing Cities 2009

Ross C. DeVol, Armen Bedroussian, Kevin Klowden, and Candice Flor Hynek, Milken Institute, Greenstreet Real Esate Partners (11-12-2009)
Leaders in the 2009 Best-Performing Cities index are all metros that succeeded in avoiding the worst of economic declines driven by falling housing markets and job losses in manufacturing and global trade. More

First Person: John Stowell, VP, Duke Energy

John Stowell, Vice President, Duke Energy (Oct/Nov 09)
The road out of the worst economic downturn in decades is not going to be a smooth one. More

Nanotechnology: A New Industrial Revolution?

Craig Guillot (Oct/Nov 09)
Nanotech is poised to bring groundbreaking changes and create new commerce hubs. But industry groups are concerned about safety. More
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North Carolina  At A Glance
POPULATION: 9,227,016 (July 2008)

LABOR FORCE: 4,596,722 (July 2009)

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES: Agriculture, textiles and apparel, wood products, furniture

EXPANDING INDUSTRIES: Alternative energy, green technology, defense, aerospace, pharmaceutical and biomanufacturing, nanotechnology, R&D, information technology, advanced manufacturing, banking and finance, automotive components, plastics, call centers

COLLEGE GRADUATES: (Age 25 and over) 25.6%

BASIC BUSINESS TAXES:
Corporate Income Tax:
6.9 percent of net income apportionable and allowable to the state

Sales and Use Tax: Effective Oct. 1, 2009, general retail sales and use tax is 4.75 percent; general rate applies to purchases of tangible commodities, room and cottage rentals, laundry/dry cleaning services; tax does not apply to prescriptions, gasoline, coin-operated laundries, or motor vehicles; eight counties (Alexander, Catawba, Cumberland, Haywood, Martin, Pitt, Sampson, and Surry) have levied an additional 0.25 percent local sales and use tax, bringing their local rate to 2.5 percent; local rate in Mecklenburg County is 2.75 percent; local rate in other counties is 2.25 percent.

Property Tax: Local government levies on real and tangible personal property located within their jurisdictions; property assessed at 100 percent of appraised value; real property must be revalued every eight years but is revalued every four years in some jurisdictions

BUSINESS INCENTIVES:
One North Carolina Fund and Small Business Fund
N.C. Green Business Fund
Job Development Investment Grant
Customized training programs
R&D Tax Credit
Job Creation Tax Credit
CDBG Program
Investment Tax Credit
Industrial revenue bonds
Site infrastructure development grants

North Carolina Chart
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