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Expand or Relocate to North Carolina
      

North Carolina Business Data

Relocate or Expand to North Carolina

NC business climate, manufacturer incentives, and advantages of local communities

Business Data for North Carolina


Population
9,380,884

Total Labor Force
4,868,886

Unemployment Rate
5.1%

# Manufacturers
9,809

Manufacturing Jobs
555,642

Right to Work
Yes

Unemp. Insurance Tax
0–6.84%


Manufacturing stats updated on 6/29/2016. All other data updated on 6/29/2016. IndustryNet is not responsible for errors or omissions.
 
Corporate Income Tax
6.9% on portion of net income allocable to the state.

Sales Tax
Combined rate (state & local) equals 6.75%. Exemptions include: Food; industrial machinery & equipment (but is subject to excise tax); machinery parts and accessories; electricity sales to manufacturers; purchases of ingredients or parts of manufactured products; packaging containers that are part of manufacturing process. Certain counties have a higher local rate, bringing the sales tax to 7% in these counties.

Property Tax
Assessed by county. Property is assessed at 100% of Fair Market Value. Reappraisals required every 8 years. Exemptions include: Manufacturers' inventories; livestock, poultry and feed used in production of livestock and poultry; nuclear materials held for purpose of manufacture; pollution control equipment.

Leading Mfg. Industries
(by # of employees)
12% Industrial machinery and equipment
11% Food and kindred products
8% Chemicals and allied products
7% Textile mill products
7% Transportation equipment

Largest Mfg. Employers
(by # of employees)
IBM Corp. (Research Triangle Park) - 12,000
Smithfield (Tar Heel) - 5,000
SAS Institute, Inc. (Cary) - 4,200
GlaxoSmithKline (Research Triangle Park) - 4,000
Lowes Cos., Inc. (Mooresville) - 3,500
 
Counties with the Most Mfg. Jobs
Mecklenburg - 63,748
Guilford - 54,184
Wake - 43,712
Durham - 34,772
Catawba - 29,559

Cities with the Most Mfg. Jobs
Charlotte - 52,017
Greensboro - 31,645
Research Triangle Park - 21,454
Raleigh - 17,804
High Point - 15,246

Mfg. Related Business Incentives
• Article 3J Tax Credits
• N.C. Ports Tax Credits
• Renewable Energy Tax Credit
• Technology Development Tax Credit
• Job Development Investment Grant
• One North Carolina Fund
• SBIR/STTR Small Business Technology Funding
• Site and Infrastructure Grant Fund
• Job Maintenance and Capital Development Fund
• Foreign Trade Zones
• Industrial Revenue Bonds
• Community Development Block Grants
• Road and Rail Access
• North Carolina Biotechnology Center

Economic development agencies, chambers of commerce, and other organizations & businesses available to assist with your relocation to or from North Carolina

Greenville, NC
A rapidly growing, diversified employment & service center for eastern North Carolina
Yadkinville, NC
Industrial rigging, turnkey plant relocation, heavy machinery moving & crane rental services
Greensboro, NC
Greensboro Partnership Economic Development (GPED) is dedicated to seeking out specific kinds of companies that would find a relationship with Greensboro to be mutually beneficial. We identify these companies and assist with educating them on the opportunities and benefits that Greensboro holds for their businesses as well as their employees. Opportunity Thrives Here.
Fletcher, NC
Since 1964, IMOCO has been providing comprehensive services to mechanical & industrial companies across the Southeast
Greenville, NC
Premier industrial site/building location assistance agency for eastern North Carolina area east of Research Triangle with easy access to three east coast ports and multiple commercial airports collaborating with business and education leaders to create a better STEM-driven workforce.
Machinery Movers & Riggers-Heavy Haulers-Installers-Millwrights
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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