North Carolina's Financial Status
Thanks to reducing both the Personal Income and Corporate Income Tax rates, as well as responsible regulatory reform, under Republican leadership in the General Assembly the State of North Carolina is in solid financial shape.
North Carolina has the best business climate in the United States and tops Forbes' Best States for Business ranking for the second straight year (2017 and 2018). In 2018, North Carolina was the only state to rank among the top 12 in the categories of business costs, labor supply, regulatory environment, economic climate growth prospects, and quality of life.
Site Selection Magazine is a leading publication in corporate real estate, facility planning, location analysis, and more. The Magazine helps expansion planning decision-makers make informed choices. North Carolina was recognized for the second straight year (2017 and 2018) as the #1 global best to invest in the South Atlantic Region of the United States.
Business Facilities is a national publication serving corporate site selectors and economic development professionals for more than 50 years. Its rankings help businesses make location or relocation decisions. In the publication's annual rankings report for 2019, North Carolina is the top-ranked state for economic growth potential, second in installed solar capacity, and third in biotechnology strength in business facilities.
Finally, Consumer News and Business Channel (CNBC) ranked North Carolina 3rd in the United States in its latest national economic standings for 2018. "No state's economy is on more solid ground than the Tar Heel state".
North Carolina’s success is evidenced by new businesses continuing to come to our State, as well as existing businesses expanding here. I am very proud to represent House District 19 and will continue to work to preserve our present financial standing and expand our economy with job opportunities not only in New Hanover County, but the rest of the State.