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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
4,931,333

Unemployment Rate
4.1%

# Manufacturers
9,640

Manufacturing Jobs
557,154

Right to Work
Yes

Unemp. Insurance Tax
0–6.84%


Manufacturing stats updated on 11/13/2017. All other data updated on 11/13/2017. 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)
11% Industrial machinery and equipment
11% Food and kindred products
8% Transportation equipment
8% Chemicals and allied products
7% Rubber and miscellaneous plastic products

Largest Mfg. Employers
(by # of employees)
IBM Corp. (Research Triangle Park) - 8,000
SAS Institute, Inc. (Cary) - 5,599
Smithfield Foods (Tar Heel) - 5,000
Lowes Cos., Inc. (Mooresville) - 3,500
Fleet Readiness Center East (Cherry Point) - 3,400
 
Counties with the Most Mfg. Jobs
Mecklenburg - 65,872
Guilford - 53,182
Wake - 46,369
Catawba - 31,112
Durham - 29,961

Cities with the Most Mfg. Jobs
Charlotte - 54,396
Greensboro - 30,732
Raleigh - 18,336
Winston-Salem - 16,532
Research Triangle Park - 15,259

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.
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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