Top States For Business

5. North Carolina

Source: George Kavallines
Category Score 2016 Rank 2015 Rank
Workforce263916 (Tie)
Cost of Doing Business2141817 (Tie)
Infrastructure1803023 (Tie)
Economy229116
Quality of Life1613033 (Tie)
Technology & Innovation185710
Education1002830
Business Friendliness9115 (Tie)17
Cost of Living501823
Access to Capital492 (Tie)1 (Tie)
Overall152259

Economic Profile

Governor: Pat McCrory, Republican

Population: 10,042,802

GDP growth: 2.7 percent

Unemployment rate (May 2016): 5.1 percent

Top corporate tax rate: 4 percent

Top individual income tax rate: 5.75

Gasoline tax: 53.65 cents/gallon

Bond rating/outlook: Aaa, stable

Major private employers: Wal-Mart, Bank of America

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2016
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