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5. North Carolina

Technology and innovation abound in the Tar Heel State, but non-inclusive policies make quality of life sticky.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Workforce 335 7 (Tie) 9
Infrastructure 184 20 (Tie) 30
Cost of Doing Business 231 9 18
Economy 191 15 (Tie) 11
Quality of Life 146 28 (Tie) 30
Technology & Innovation 168 6 7
Education 86 32 28
Business Friendliness 114 8 (Tie) 15 (Tie)
Access to Capital 81 9 (Tie) 2 (Tie)
Cost of Living 32 19 18
Overall 1568 5 5

Economic Profile

Governor: Roy Cooper, Democrat

Population: 10,146,788

GDP growth (Q4 2016): 1.7 percent

Unemployment rate (May 2017): 4.5 percent

Top corporate tax rate: 3 percent

Top individual income tax rate: 5.499 percent

Gasoline tax: 34.55 cents/gallon

Bond rating/outlook (Moody's, S&P): Aaa, AAA stable

Major private employers: Wal-Mart, Bank of America

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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