The investment bank and financial services holding company Bank of America topped the list with revenues of approximately $93.75 billion, making it the largest business in North Carolina. With a population of 10.5 million and 10 cities with more than 100,000 residents in communities that stretch more than 300 miles from ocean to mountains, North Carolina is home to a variety of business sectors that are stable, successful, growing and committed to innovation, thanks to a diversity skilled and well-educated workforce, low tax rates and easy access to transportation and logistics channels through road, rail, air and sea connections to the region and the world. The state is also a base of industrial innovation as the headquarters of the North Carolina Global TransPark in Kinston. The industrial air park has an 11,000-foot runway and supports the manufacturing and logistics needs of the aerospace and defense industries.
These companies are supported by numerous professional research centers and programs that drive innovation in the automotive industry through development and testing. They include the North Carolina Automotive Research Center or NCCAR, which is an independent, non-profit center that focuses on research, development and testing of automotive products. NCCAR facilities include a 2-mile road tour, off-road trails and workshops. More than 178 million customers are one day away from North Carolina. This privileged location on the East Coast is reinforced by easy access to road, rail and maritime transport links with the rest of the region, the country and internationally.
North Carolina is the second largest state for food and beverage processing with nearly 1,000 such companies in the industry. Campbell's, Butterball, Smithfield and Sierra Nevada are some of the most well-known names in this sector. The following year, a 35-member working group, composed of experts in agribusiness, food processing and packaging, and economic development was formed to take advantage of business opportunities related to food and agriculture. Small start-ups and information technology superpowers such as Google, IBM and Cisco are among the companies that call North Carolina home. They cite business advantages such as low taxes, an active business environment, and significant investments in research and capital funding. In addition, organizations such as the North Carolina Technology Association advocate for innovation and facilitate professional connections by bringing together leaders in industry, government and education.
NC Tech has more than 700 members representing more than 200,000 employees. In both biotech and pharmaceutical manufacturing based on the total number of employees Bayer, BASF, LabCorp and Novo Nordisk do business in North Carolina. They are supported by numerous industry partners such as the North Carolina Research Campus at Kannapolis. It is a 350-acre scientific community campus where collaborative research and product development in health and nutrition are conducted in collaboration with eight universities. North Carolina's long history as a furniture production center continues into the 21st century. More than 600 woodworking stores call the state home as do household names like Ethan Allen, Ashley Furniture, Lexington Home Brands and Sealy.
According to the North Carolina Department of Commerce, the state has the largest furniture industry in the country comprised of 3,000 stores and more than 35,000 employees giving North Carolina a concentration of furniture manufacturing activity that is more than triple the national average. More than 300,000 people work in the financial services industry in North Carolina. These employees are part of companies such as Bank of America, Wells Fargo, Fidelity Investments, Lending Tree and Credit Suisse. Around 250,000 professionals work in industries related to tourism or outdoor recreation in North Carolina. That's equivalent to about 1 in 45 North Carolina residents working directly in tourism. A list of North Carolina companies includes many well-known names such as DuPont Dow PPG Ernst & Young Council on State Taxation American Institute of Certified Public Accountants North Carolina Biotechnology Center North Carolina Technology Association. It also operates grocery frozen food perishable goods distribution centers milk ice cream plant automotive components engines transmissions brake systems trim finishes vehicle interiors. Choosing to start or grow a financial sector business here also brings you closer to advocacy groups such as American Institute of Certified Public Accountants Bank America one largest financial institutions world serving individuals small medium-sized enterprises large corporations full range banking investment asset management other financial risk management products services. Fill out form below someone from state's business development team will contact you right away.
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