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America's Top States For Business 2013

#12 North Carolina

Charlotte, North Carolina
Jeremy Woodhouse | Photodisc | Getty Images
Charlotte, North Carolina
Category
Score
2013 Rank
2012 Rank
Cost of Doing Business 216 32 21
Workforce 226 3 3
Quality of Life 137 30 26
Infrastructure & Transportation 181 31 11
Economy 246 13 31
Education 86 15 13
Technology & Innovation 215 10 9
Business Friendliness 132 18 8
Cost of Living 31 20 21
Access to Capital 18 15 18
Overall 1488 12 4

ECONOMIC PROFILE

Governor: Pat McCrory (R)

Population: 9,752,073

GDP growth: 2.7 percent

Unemployment rate (May 2013): 8.8 percent

Top corporate rate: 6.9 percent

Top individual tax rate: 7.75 percent

Gasoline tax: 37.8 cents/gallon

Bond rating/outlook: Aaa/Stable (multiple)

Major private employers: Merrill Lynch & Co., Nortel Networks Corp., Wake Forest University Baptist Medical Center, Moses H. Cone Memorial Hospital, Mission Hospitals, Novant Health Forsyth Medical Center, Smithfield Packing Co. Inc.,US Airways, Vidant Medical Center, Babcock & Wilcox Co., Bank of America Corp, East Carolina University, Garinger Transportation, University of North Carolina Hospitals

Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)

Top States For Business 2013

From the Governors

Video

  • South Dakota, More Than Just Gorgeous Views

    South Dakota is the winner of the annual "America's Top States for Business" study. CNBC's Scott Cohn reports on the state's economy and its stunning views.

  • Ranking America's Workforces

    CNBC's Scott Cohn reveals how other states fared when it came to their workforce, including a look at education level, retraining programs and union membership.

  • Why South Dakota is Top State for Business

    The cost of doing business was one of the key reasons the Mount Rushmore State captured the top ranking as the best state for business, reports CNBC's Scott Cohn.