NC: Why North Carolina
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Why North Carolina | NC Commerce Skip to main content Why North Carolina Welcome to North Carolina. It’s more than a state—it’s a state of minds. North Carolina has always attracted a wide range of people with an even wider range of talents. In fact, our state is home to some of the best and brightest minds in the country—minds that are directly shaping the future by solving some of the world’s toughest problems. This highly educated group of individuals are known as North Carolinians. And we’re more than ready to figure out innovative solutions to address your business’s greatest challenges. Business climate Better for business by design We’re committed to making it easy for companies to do business in North Carolina. That’s why our state fosters a pro-business environment, fueled by the lowest corporate income tax in the U.S. along with a favorable legal and regulatory climate, low business costs and qualified talent. As a result, North Carolina garners some impressive accolades—year after year, from a number of sources. Overall #1 Top State for Business, CNBC, 2025 . (Also #1 in 2022 and 2023; #2 in 2024, just 3 points back on the network's 2,500-point scale) #1 State of the Year, Business Facilities, 2022 #1 Best Business Climate, Site Selection, 2021 #5 Best State for Business, Chief Executive Magazine, 2022 #1 State for Workforce Development, Site Selection, 2026 Taxes 2.5% Corporate Income Tax Rate, Lowest in the U.S., Tax Foundation, 2022 #1 Lowest State and Local Business Tax Burden, Ernst & Young, 2021 #1 Lowest Effective Tax Rate for New Firm Corporate HQs, Tax Foundation and KPMG, 2021 #3 Lowest Effective Tax Rate for Mature Corporate HQs, Tax Foundation and KPMG, 2021 Business costs #2 Lowest Business Costs, Forbes, 2016 #5 Competitive Utility Rates, Area Development’s Top States for Doing Business, 2015 15% Lower Construction Costs in NC Metros vs. U.S. Average, RSMeans Construction Cost Index, 2016 Legal & regulatory #7 Legal Climate Ranking, U.S. Chamber Institute for Legal Reform, 2015 #5 Overall Treatment of Tort and Contract Litigation, U.S. Chamber Institute for Legal Reform, 2015 #7 Best Regulatory Environment, Forbes, 2016 Workforce & Education In addition to the large number of people flocking to the state who continue to deepen our pool of high-quality talent, our world-renowned education system graduates thousands of students into the state’s workforce each year. Various training programs from an array of organizations prepare even more workers for skilled positions to fit specific companies’ needs. Universities North Carolina boasts 53 colleges and universities, including 17 public universities Home to top-tier research universities like Duke University, the University of North Carolina at Chapel Hill, North Carolina State University, and North Carolina A&T Esteemed private colleges, including Wake Forest University and Davidson College, are also located here Comm