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Inward Investment Guides

Electronics, Photonics, and Digital Media Sectors: Key to Future U.S. Competitiveness

Mark Crawford (Q3 2014)
These interconnected industries will be drivers in stimulating economic growth, creating jobs, and improving global competitiveness. Collaboration among private-sector companies, universities, and government on research and commercialization will be vital. More

Leading Locations for 2014: The MSAs with Strongest Prime Work Force Growth

Dale D. Buss, Staff Editor,  (Q2 2014)
A yawning gap has developed between millions of potentially available workers and the increasingly sophisticated skills they would require to qualify for today’s generally tech-oriented jobs. More

How Companies Can Get the Utility Packages They Need

Cory Wendt, Senior Manager, Baker Tilly Virchow Krause, LLP (Q2 2014)
Energy availability is a vital factor in any site selection process. Making an energy decision is more than just cost per kilowatt-hour — a well-designed utility plan should also take into account grid capacity, rate structure, service/distribution, and related utilities, such as wastewater treatment. More

North Carolina Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
North Carolina's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Public Power Communities: Future-Focused

Steve Stackhouse-Kaelble (Q1 2014)
America’s public power communities are places where local governments and other public entities have taken charge to deliver services their communities need to prosper. More

The Southland Delivers a Solid Economic Performance

Mark Crawford (Q1 2014)
The southern states have embraced the transition from traditional to knowledge-based economies and work hard to attract new projects and the high-paying jobs that come with them. More

Ports Jockey for Post-Panamax “Pole Position”

Tim Feemster, Managing Principal, Foremost Quality Logistics (Q1 2014)
East and Gulf Coast ports are gearing up to accommodate the supersized containerships that will be able to traverse the expanded Panama Canal — and the delayed expansion process has given them the advantage of time to get ready. More

Primer: The Impact of Taxes & Incentives on Data Center Locations

Chris Schastok, Vice President, Economic Incentives Group (EIG), CBRE, Inc. (Q1 2014)
Many states and communities are using incentives to lure data centers and establish clusters of these facilities, which, in turn, stand to benefit from tax breaks and cash grants for necessary infrastructure improvements. More
News Items
Around The Web
Studies/Research
News Items
Around The Web
Studies/Research

NORTH CAROLINA at a glance

POPULATION: 9,669,244 (July 2011)

LABOR FORCE: 4,708,952 (October 2012 seasonally adjusted)

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, data centers

COLLEGE GRADUATES: (Age 25 and over) 26.5%

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

Sales and Use Tax: Combined general rate: 6.75 percent (state sales tax rate: 4.75 percent; local sales tax: 2.0 percent); additional counties with 0.25 percent local sales tax: Alexander, Buncombe, Cabarrus, Catawba, Cumberland, Duplin, Durham, Halifax, Haywood, Hertford, Lee, Martin, Montgomery, New Hanover, Onslow, Orange, Pitt, Randolph, Robeson, Rowan, Sampson, Surry and Wilkes

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:
Job Development Investment Grant Program

One North Carolina Fund

One NC Small Business Fund

Job Creation Tax Credit

Investment Tax Credit

R&D Tax Credit

Customized training programs

N.C. Green Business Fund

Interactive Digital Media Tax Credit

CDBG Program

Industrial revenue bonds

Sales tax refunds and exemptions

Energy tax credits

Principal Manufacturing industries

  • Food Beverage & Tobacco Products
    14.3%
  • Textiles & Apparel
    10.8%
  • Chemicals
    9.6%
  • Computer & Electronic Products
    7.7%
  • Fabricated Metal Products
    7.6%
  • Furniture & Related Products
    7.6%
  • Rubber & Plastic Products
    6.7%
  • Machinery
    6.6%
  • Transportation Equipment
    6.1%
  • Electrical Equipment & Appliances
    4.9%
  • Wood Products
    3.5%
  • Other Manufacturing Industries
    14.6%