Top States for Business

2. North Carolina

Share

The economy in the Tar Heel State can be a boon to business. But steps toward inclusiveness are needed.

Getty Images

North Carolina Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business2421521B+
Infrastructure2002117C+
Life, Health & Inclusion14537--D-
Workforce23967A-
Economy18741A+
Business Friendliness141917B+
Access to Capital14186B+
Technology & Innovation119109B+
Education901721B-
Cost of Living422319C+
Overall154623--

Economic Profile

Governor: Roy Cooper, Democrat

Population: 10,600,823

GDP growth (Q1 2021): 6.5%

Unemployment rate (May 2021): 4.8%

Top corporate tax rate: 2.5%

Top individual income tax rate: 5.25%

Gasoline tax: 36.35 cents/gallon

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

America's Top States for Business 2021