Top States for Business

1. North Carolina

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North Carolina Score and Ranking

CATEGORY  2022 SCORE  2022 RANK 2021 RANK  2022 GRADE 
WORKFORCE253126B+
INFRASTRUCTURE2141721B-
COST OF DOING BUSINESS1922615B
ECONOMY28314A+
LIFE, HEALTH & INCLUSION1622837C-
TECHNOLOGY & INNOVATION191510A+
BUSINESS FRIENDLINESS106229C
EDUCATION1051417B+
ACCESS TO CAPITAL4528A
COST OF LIVING292223C+
OVERALL158012

Economic Profile

Governor: Roy Cooper, Democrat

Population: 10,551,162

GDP growth (Q1 2022): -1.4%

Unemployment rate (May 2022): 3.4%

Top corporate tax rate: 2.5%

Top individual income tax rate: 4.99%

Gasoline tax: 38.75 cents/gallon

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

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

North Carolina Governor Roy Cooper speaks to the crowd during an election night event for Democratic Senate candidate Cheri Beasley on May 17, 2022 in Raleigh, North Carolina.
By putting partisanship aside, North Carolina ranks No. 1 in America's Top States for Business, with the nation’s strongest economy