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North Carolina Ranks Among Best States for Business


Our great state of North Carolina has again secured a top spot on Forbes’ list of the Best States for Business. North Carolina ranked second behind Utah and is the only state to consistently rank in the top five Best States on the list year after year.

The Tar Heel State was reviewed across 40 different metrics in six categories including business costs, economic climate, labor, regulatory environment, growth opportunities and quality of life. According to Forbes:

Foreign direct investment has fueled much of North Carolina’s high-tech job growth, with $2.7 billion and 5,300 jobs generated from FDI in 2015, according to North Carolina Commerce Secretary John Skvarla, who says the state is on track to top those numbers this year.

North Carolina has the second smallest union workforce in the U.S. in terms of percent of total employment (South Carolina is first). The resulting benefit is labor costs that are 11% below the national average—fourth lowest in the country.

Home to the renowned Research Triangle Park and the prospering cities of Raleigh and Durham, the Triangle area has certainly contributed greatly to the state’s economic activity. With a well-educated workforce and a low cost of living, businesses and career seekers are drawn to the flourishing metro area.

Interested in learning more about the Triangle area business landscape and projected growth, visit the Wake County Economic Development’s website to gather further details about the Raleigh-Cary metro.

Want to make the Triangle your home? Get information about the current status of the real estate scene in the many cities and towns that make up this sought-after area by watching these market update videos.

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