Learn more about relocating or expanding to North Carolina

North Carolina business climate, manufacturer incentives, and advantages of NC communities

Relocate or Expand to North Carolina - U.S. Industrial Expansion & Relocation Guide for Manufacturing Companies - Learn more about the North Carolina business climate, manufacturer incentives, and advantages of NC communities. Helping decision makers at U.S. manufacturing establishments find new locations to relocate or expand.
North Carolina Business Data*

North Carolina

Population: 9,380,884
Total Labor Force: 4,667,800
Unemployment Rate: 6.7%
Number of Manufacturers: 10,066
Manufacturing Jobs: 554,485
Right to Work: Yes
Unemp. Ins. Tax: 06.84%
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 Manufacturing Industries:
(by % of total manufacturing employment)
12% Industrial machinery and equipment
11% Food and kindred products
8% Textile mill products
8% Chemicals and allied products
7% Transportation equipment

Largest Manufacturing Establishments:
(by number of employees)
IBM Corp. (Research Triangle Park) - 12,000
Smithfield Packaging Co. (Tar Heel) - 5,000
GlaxoSmithKline (Research Triangle Park) - 5,000
SAS Institute, Inc. (Cary) - 4,200
Fleet Readiness Center East (Cherry Point) - 3,600
Counties with the Most Manufacturing Jobs:
Mecklenburg - 61,542
Guilford - 54,096
Wake - 39,242
Durham - 35,672
Catawba - 29,471

Cities with the Most Manufacturing Jobs:
Charlotte - 50,770
Greensboro - 32,081
Research Triangle Park - 22,047
Raleigh - 16,998
Winston-Salem - 16,675

Manufacturing 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 and businesses to help with your relocation or expansion:

Greensboro Economic Development Alliance
The Greensboro Economic Development Alliance (GEDA) 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.
342 N. Elm St., Greensboro, NC 27401 (Map & Aerial View)
(336) 387-8313

Caldwell Chamber Of Commerce
The Chamber believes the image that Caldwell County presents is key to growth & economic diversification. The Chamber programs will be structured to promote & support the business community of Caldwell County. The Chamber believes in proactive approach to business development & supports the programs & activities of the Caldwell Economic Development Commission & Caldwell 20/20 to further a progressive & growing economy.
1909 Hickory Blvd. S.E., Lenoir, NC 28645 (Map & Aerial View)
(828) 726-0616

North Carolinas Eastern Region
Premier site/building location assistance agency for eastern North Carolina-area east of Research Triangle with easy access to three (3) east coast ports & multiple commercial airports.
3802 Highway 58 N., Ste. A, Kinston, NC 28504 (Map & Aerial View)
(252) 522-2400

Looking to reach North Carolina manufacturers? Access the North Carolina Manufacturers Database compiled by MNI.

*Manufacturing stats updated on 3/18/2014. All other stats updated on 3/18/2014. Listings updated on 4/18/2014.

a service of Manufacturers' News, Inc. - directories & databases since 1912