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North Carolina Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 235 | 20 | 16 | B |
| WORKFORCE | 269 | 3 | 1 | A- |
| ECONOMY | 256 | 4 | 3 | B+ |
| QUALITY OF LIFE | 142 | 32 | 34 | D+ |
| COST OF DOING BUSINESS | 170 | 18 | 18 | B+ |
| TECHNOLOGY & INNOVATION | 175 | 11 | 6 | B+ |
| BUSINESS FRIENDLINESS | 195 | 2 | 10 | A- |
| EDUCATION | 72 | 10 | 7 | B+ |
| ACCESS TO CAPITAL | 54 | 10 | 6 | B |
| COST OF LIVING | 24 | 31 | 27 | C |
| OVERALL | 1592 | 2 | 1 |
Economic Profile
Governor: Roy Cooper, Democrat
Population: 10,835,491
GDP growth (Q1 2024): 2.3%
Unemployment rate (May 2024): 3.6%
Top corporate tax rate: 2.5%
Top individual income tax rate: 4.5%
Gasoline tax: 57.15 cents/gallon
Bond rating (Moody's/S&P): Aaa, Stable/AAA, Stable
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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
