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Why Choose NC

North Carolina consistently ranks as one of the top places in the nation to live and do business. From low business costs to a large, productive labor force to outstanding scenic and recreational attractions, North Carolina has numerous advantages.

Note: links below are to information presented on other websites. Duke Energy is not responsible for the accuracy of content at those sites.

Location advantages

Low business costs

  • No inventory tax.
  • Tax credit incentives are available to new and expanding industry.
  • Grants and low-interest loan programs are available.
  • North Carolina has a AAA bond rating.
  • North Carolina enforces sound fiscal policy through a constitutionally mandated balanced state budget.

Business environment

  • Research Triangle Park (RTP) continues to be a model for technology corridors around the country.
  • North Carolina is home to the Global TransPark business complex and education and training center.
  • Fourth largest military presence in the nation.
  • Global economy driven by knowledge-based enterprises.

Transportation

  • North Carolina lies within a 700-mile radius of more than 170 million U.S. and Canadian consumers, and at least 70 percent of the nation's industrial base.
  • Two deepwater ports handle nearly five million tons of cargo each year.
  • Four international airports provide passenger service by major carriers to most locations throughout the U.S.
  • The state boasts a 4,000-mile rail network and second largest highway system in the nation.

Labor

  • North Carolina is a "right-to-work" state, with the lowest unionization rate in the nation.
  • The state's workers have a strong work ethic; absenteeism rates are low.
  • Workers' compensation and unemployment insurance rates are among the lowest in the nation.
  • North Carolina offers free, customized skills training through an extensive system of 58 community and technical colleges.
  • A state-supported university system (one of the top-rated systems in the country) offers advanced educational opportunities at 16 campuses.
  • The R&D capabilities within the internationally recognized Research Triangle Park provide support for diverse business and industry endeavors.

Quality of life

Accolades


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