North Carolina Economic Development Guide


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6 N o rt h C a r o l i N a E Co N o m i C D E v E lo p m E N t G u i D E • Skilled workerS and a friendly labor environment With an expanding and diverse population, North Carolina's high- quality workforce meets the needs of today's advanced-manufacturing and knowledge-based industries. the lowest unionization rate in the nation keeps the workplace fexible and wages affordable. • ComprehenSive workforCe-development network North Carolina provides customized recruiting, screening and training services and lifelong learning opportunities through a coordinated network of state agencies. • exCeptional eduCational opportunitieS New talent is developed through outstanding educational assets beginning with nationally recognized preschool programs, accountable public schools, accessible state community-college and university systems, and a variety of renowned private institutions. • unequaled proximity to major marketS Centrally located on the East Coast, North Carolina's extensive transporta- tion infrastructure puts it within a 700-mile radius of more than 170 million u.S. and Canadian consumers and provides global connections via deep-water ports and international fights. • Global ConneCtivity high-speed internet access is available throughout the state and 100% digital switching and other signifcant technology-infrastructure invest- ments provide reliable voice, data and video communications and networking options. • Competitive operatinG CoSt StruCture Construction costs, electric rates, tax burden and cost-of-living indices are below the national average, providing an economical business climate. • a Great plaCe to live North Carolina's diverse geography and moderate climate are well-suited for many outdoor recreation options. the state's cultural offerings, including a rich history and a variety of arts organizations, mix with intense collegiate and professional sports rivalries to create a quality of life that makes recruiting talent easier. • a Government that workS for buSineSS North Carolina's leadership has shown vision by making strategic investments in education, infrastructure and technology and emphasizing sound fscal policy through a constitutionally mandated balanced budget, reasonable tax rates and aaa bond rating. • performanCe-baSed, tarGeted inCentive proGramS North Carolina offers eligible companies state and local programs designed to lower costs and increase global competitiveness. incentives include discretionary grants in competitive situations and statutory tax credits for job creation, investments and research and development. • profeSSional eConomiC-development aSSiStanCe the N.C. Department of Commerce provides comprehensive support and expertise for companies in the u. S. and around the world to improve businesses of all sizes and sectors. For more information, visit or call 919-733-4151. Source: N.C. Department of Commerce 10 reaSonS to be here

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