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North Carolina Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2022 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 253 | 12 | 6 | B+ |
| INFRASTRUCTURE | 214 | 17 | 21 | B- |
| COST OF DOING BUSINESS | 192 | 26 | 15 | B |
| ECONOMY | 283 | 1 | 4 | A+ |
| LIFE, HEALTH & INCLUSION | 162 | 28 | 37 | C- |
| TECHNOLOGY & INNOVATION | 191 | 5 | 10 | A+ |
| BUSINESS FRIENDLINESS | 106 | 22 | 9 | C |
| EDUCATION | 105 | 14 | 17 | B+ |
| ACCESS TO CAPITAL | 45 | 2 | 8 | A |
| COST OF LIVING | 29 | 22 | 23 | C+ |
| OVERALL | 1580 | 1 | 2 |
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
