Scenic charm, a pleasant environment, a culture rich in history and the arts, and world-class leisure and sports opportunities make North Carolina an outstanding place to live and do business.
North Carolina has a low cost of living, combined with a high level of personal satisfaction. Housing, health care, energy, food, and transportation all fall below the average national prices. Raleigh, Asheville, Winston-Salem and Wilmington all earned some of the most favorable ratings on the respected cost of living index by the Council for Community and Economic Research.
According to Forbes’ list, in all six categories North Carolina places top third. It gets the highest ratings for its Regulatory Environment, including an AAA ranking on its Moody’s general obligation debt, has the fourth-lowest business costs of any territory, and labor supply levels sixth. Besides, it has the 2nd largest highway system with 80,000 miles of roadways, 3,300 miles of train tracks, 70 public airports, and two seaports. Ranked #18 city in Overall Rankings, for the lucky 10.4 million North Carolinians.
The second-largest food and beverage manufacturing state and the overall fifth-largest manufacturing state in America, North Carolina is home to the largest manufacturing workforce in the Southeast. The manufacturing industry employs 460,000 skilled workers (nearly 11 percent of the state’s workforce). North Carolina manufacturing makes up about 20 percent of the state’s gross state product, to the tune of $102.48 billion in 2017 and $31.06 billion in exports in 2018. The state has experienced tremendous growth in manufacturing goods in recent years, with a nearly 35 percent increase in exports from 2010 to 2018. North Carolina’s pro-business climate and expert workforce make it an ideal state for manufacturers.
The state is home to some of the best and brightest minds in the country—minds that are directly shaping the future by solving some of the world’s toughest problems. Its world-renowned education system graduates thousands of students into the state’s workforce each year. North Carolina boasts 53 colleges and universities, including 17 public universities. Home to four Tier 1 research universities (Duke University, the University of North Carolina at Chapel Hill, North Carolina State University, and North Carolina A&T).
Esteemed private colleges, including Wake Forest University and Davidson College, are also located here. Additionally North Carolina has 36 private, non-profit liberal arts, comprehensive, and research colleges and universities accredited by the Southern Association of Colleges and Schools, including Duke University, Elon University, and Davidson College.
If you’re looking for easy access to both domestic and global markets, look no further than North Carolina.