State Resources
North Carolina Business Resources | ||||
North Carolina lies on the Atlantic Coast, south of Virginia and north of South Carolina. Historically, it is known for its growth of tobacco as a cash crop and continues to be the nation’s leading producer of tobacco. The early twentieth century saw a proliferation of textile manufacturing in North Carolina as farmers left the fields and went to work in factories. Recently the state has been particularly hard-hit by low cost textiles from Asia, though the industry still plays a vital role in the state economy. Apart from textiles, North Carolina is still a leader in other manufacturing industries. It is the second largest industrial state in the South with chemicals, computers, and machinery comprising the top industries. North Carolina is also host to one of the nation’s oldest and largest science parks. The Research Triangle Park (RTP) is a 7,000 acre development that is currently home to 157 companies. | ||||
Business Data | ||||
Per Capita Real GDP | $36,489 Rank: 20/50 (2006) | |||
Population | 8,049,310 Rank: 11/50 (2000) | |||
Per Capita Personal Income | $32,234 Rank: 36/50 (2006) | |||
Unemployment Rate | 4.90% Rank: 32/50 (2008) | |||
Business Tax Climate Index | Rank: 40/50 (2008) | |||
Corporate Tax Rate | 6.9% | |||
Individual Tax Rate | 6% - 7.5% | |||
Sales Tax Rate | 4.25% | |||
Business Tax Climate Index | ||||
Individual Income Tax Index Rank | 44 | |||
Sales Tax Index Rank | 39 | |||
Unemployment Insurance Tax Index Rank | 6 | |||
Property Tax Index Rank | 34 | |||
Business Tax Climate Index | 40 | |||
Corporate Tax Index Rank | 25 | |||
State Information | ||||
Abbreviation | NC | |||
Capital | Raleigh | |||
Nick Name | Tar Heel State | |||
State Web Site | http://www.northcarolina.gov | |||
Motto | To be rather than to seem | |||
Top 5 Export Partner Countries | Canada, Mexico, Japan, China, United Kingdom | |||
Top 5 Export Merchandise | Textile Mills Chemicals Sales Computers and Electronic Products Manufacturing Chemicals Manufacturing Machinery Manufacturing | |||
Major Cities | Charlotte, Greensboro, Raleigh | |||
GDP | ||||
Total Gross Domestic Product (USD Millions) | $399,446.00 (2007) | |||
Per Capita Real GDP (USD) | $37,053.00 Rank: 22 (2007) | |||
Population Stats | ||||
Population | 9,222,414 Rank: 10 (2008) | |||
Age Distribution | ||||
Under 18 Population | 1,964,050 | |||
Under 18 Percent of Total Population | 24% | |||
65 and older Population | 969,048 | |||
65 and older Percent of Total Population | 12% | |||
Gender Distribution | ||||
Male Population | 49% | |||
Female Population | 51% | |||
Non-English Speaker (at home) | 486,054 | |||
Net International Immigration | 158,224 | |||
Birth Rate | 14% | |||
Percent of People Under Poverty Level | 15.1% | |||
Rank | 12 | |||
Expenditure | ||||
Per Capita State Spending | $3,602 | |||
Rank | 31 | |||
Energy Expenditures per Person | $3,424 | |||
Expenditures of State and Local Government Employee-Retirement Systems | $3,016,153 | |||
Revenue | ||||
Personal Income | $39,060 | |||
Rank | 36 | |||
State Internal Revenue Collection | $75,903,684 | |||
Rank | 13 | |||
Cash and Deposits by State Government | $17,866 | |||
Per Capita State Tax Collection | $2,348 | |||
Rank | 30 | |||
Education | ||||
High School Graduation Rate | 65.2% | |||
Rank | 39 | |||
Percent of Population with a Bachelor's Degree | 16.8% | |||
Rank | 25 | |||
Percent of Population with an Advanced Degree | 8.3% | |||
Rank | 31 | |||
Largest Universities | North Carolina State University, Raleigh University of North Carolina, Chapel Hill East Carolina University | |||
High School Graduation Rate | 65.2% | |||
Logistics | ||||
Public Road Length (Mile) | 103,500 | |||
Gas Tax Rate (%) | 30.15% | |||
Highway Planning and Construction (USD Thousands) | 938,729 | |||
Number of Public Airports | 112 | |||
Main Airports | CLT: Charlotte GSO: Greensboro RDU: Raleigh/Durham | |||
Ports | Morehead City Wilmington | |||
Weather | MapView Larger Map | |||
State Business Links | ||||
Secretary of State | ||||
North Carolina Secretary of State | ||||
http://www.secretary.state.nc.us | ||||
The Corporations Division is responsible for the examination, custody and maintenance of the legal documents filed by more than 400,000 corporations, limited partnerships and limited liability companies. The duty of the Secretary of State is to ensure uniform compliance with the statutes governing the creation of these entities, record the information required to be kept as a public record, and provide that information to the public. The Corporations Division acts in an administrative capacity only and cannot give legal advice. | ||||
Small Business Administration | ||||
North Carolina Small Business Administration | ||||
http://www.sba.gov/localresources/district/nc/index.html | ||||
The District Office is responsible for the delivery of SBA's many programs and services to all 100 counties in North Carolina. Office hours are from 8:00AM until 4:30PM, Monday through Friday. | ||||
Top 10 Business Links | ||||
Business North Carolina | ||||
http://www.businessnc.com/ | ||||
Business North Carolina provides news articles related specifically to North Carolina. Articles in a large range of industries are available along with archives of previous issues. | ||||
Department of Revenue Information for Businesses | ||||
http://www.dor.state.nc.us/business/ | ||||
From this site, businesspersons can find relevant tax information, tax law changes, answers to commonly asked questions, and tax-related reports and statistics. | ||||
Employment Security Commission of North Carolina | ||||
http://www.ncesc.com/splash.asp | ||||
The NCESC provides information for employers pertaining to hiring, labor laws,labor markets, workforce statistics, industry information, and occupational information. | ||||
North Carolina Chamber | ||||
http://www.ncchamber.net/mx/hm.asp?id=home | ||||
This site provides a number of useful business publications, such as a state of business report, business advocate articles, or survey data. Users can also find business laws from the last few years and some news updates. | ||||
North Carolina Department of Commerce: Business Services | ||||
http://www.nccommerce.com/en/BusinessServices/ | ||||
This site contains information on starting, supporting, and locating your business. It also provides information on developing your business through international trade and has a number of services to assist entrepreneurs. Free consultation is offered in a variety of categories, such as, funding and incentives or international trade and investment opportunities. | ||||
North Carolina Rural Economic Development Center, Inc. | ||||
http://www.ncruralcenter.org/ | ||||
The NC Rural Center aims to help rural North Carolinians develop and execute solid economic strategies. This site also provides information on rural policy initiatives, capacity building programs,and a number of research and informational tools. | ||||
Small Business and Technology Development Center | ||||
http://www.sbtdc.org/ | ||||
The North Carolina SBTDC aims to help small businesses develop. This site offers business/management counseling and management education. It also contains a number of special market development services including business research, government procurement, export financial services, boating industry, and technology commercialization. Numerous informative publications, like an industry's analysis, are also available. | ||||
U.S. Export Assistance Center of North Carolina | ||||
http://www.buyusa.gov/northcarolina/ | ||||
The North Carolina branch of the Department of Commerce specializes in helping small to medium sized companies develop and execute exporting strategies. Fees vary and are based on the service being provided. Additional information, such as free trade agreements, featured trade missions, or the NC export team newsletter, are available for free. | ||||