What is the Biggest Business in North Carolina?

From corporations to LLCs, partnerships and sole proprietorships - discover what makes North Carolina an ideal place for businesses to thrive.

What is the Biggest Business in North Carolina?

The United States has a long history of fostering entrepreneurship, and North Carolina is no exception. With a population of 10.5 million and 10 cities with more than 100,000 residents, the state is home to a variety of business sectors that are stable, successful, growing and committed to innovation. From corporations to LLCs, partnerships and sole proprietorships, new businesses start up daily in North Carolina. The state is also a base of industrial innovation as the headquarters of the North Carolina Global TransPark in Kinston.

The North Carolina Department of Commerce states that the state has the largest furniture industry in the country, comprised of 3,000 stores and more than 35,000 employees. This gives North Carolina a concentration of furniture manufacturing activity that is more than three times the national average. Olive, best known for its pickles, are just a few of the family food brands doing business in North Carolina. The state also offers assistant store manager jobs, in which a candidate assists with staffing, merchandising, expense control, sales, customer service and other important areas of retail business.

Organizations such as the North Carolina Technology Association advocate for innovation and facilitate professional connections by bringing together leaders in industry, government and education. Ernst & Young and the Council on State Taxation also ranked North Carolina as having the best state and local tax burden in the U. S. Small start-ups and information technology superpowers such as Google, IBM and Cisco are among the companies that consider North Carolina home.

It turns out that Compass Group is the largest company in North Carolina with 595,841 employees. Around 250,000 professionals work in industries related to tourism or outdoor recreation in North Carolina. The North Carolina Treasury Management Association also supports the industry, as does Queen City Fintech which works to create a community that fosters growth, drives innovation, inspires growth and fosters inclusion in the financial and insurance start-up sectors. At 2.5 percent, North Carolina's corporate income tax rate won't affect the bottom line if you're in the financial services industry. With its diverse population, well-educated workforce and low tax rates combined with easy access to transport and logistics channels through road, rail, air and sea connections with the region and the world - it's no wonder why so many businesses are thriving in North Carolina.

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