Is North Carolina a Business-Friendly State?

North Carolina is one of the best states for doing business in America. Learn more about why it's so business-friendly.

Is North Carolina a Business-Friendly State?

Greenboro, Fayetteville, and Raleigh are just three of the best cities in North Carolina for businesses to settle or move to. Two national publications have ranked North Carolina as the top state for doing business in the country. CNBC and Business Facilities magazine have both given the state the number one spot. This is due to the state's important economic development and bipartisanship among legislators. Economic experts have said that it's no surprise that North Carolina is receiving national recognition.

In the Triad, the arrival of Boom Supersonic at Piedmont Triad International Airport and the Toyota battery plant at the Megasite Greensboro-Randolph are two examples of significant economic growth in the state. According to Greensboro native Price, North Carolina and Greensboro have been a great place to start a business. The North Carolina Department of Commerce has expressed their pleasure with the rankings. While multiple bills targeting transgender youth and their parents have died in the legislature or stalled in court, Texas has become one of the most difficult states to vote for due to its deeply controversial election law that went into effect this year, according to researchers from Northern Illinois University. North Carolina is home to a large number of skilled workers, which is just one of the deciding factors for many respected corporations in the world that have decided to expand or establish themselves in this state. The low cost of establishing a business, good transportation infrastructure, and a quality lifestyle give North Carolina a competitive advantage for businesses.

The Fayetteville Regional Chamber of Commerce partners with organizations across the area to help businesses establish themselves locally, succeed, and grow. North Carolina's comprehensive economy is seen in several measures, according to CNBC coverage. In fact, North Carolina's strong finances are the cornerstone of the country's main economy, as measured by the CNBC study. North Carolina received an overall score of 1,586 out of a total of 2,500 possible in all categories, just three points behind No. 1.But North Carolina remains one of five lawless states that protect non-disabled residents from discrimination, according to the National Conference of State Legislatures.

There are many organizations that form a structure for people looking to build their businesses such as Synergy Professionals Launch Lab and Transform GSO which help develop new entrepreneurship ideas and jobs with people in the community. The state long ago withdrew from its controversial bathroom bill known as HB2 after intense criticism from businesses. Raleigh, the capital of North Carolina, has established a technical epicenter called Research Triangle Park which attracts international companies to the area. Raleigh has been ranked as the best business climate in the country by Site Selection magazine ten out of twelve years. Fayetteville ranks seventh nationally as a business center due to its strong industrial base and hardworking local workforce. All these forms of small and emerging business assistance organizations refer companies to external strategic partners and city departments who can help them.

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