In the weeks since Apple and Google announced thousands of jobs in the Triangle, the state has actually secured more attention from companies looking to relocate or expand their operations in the state. Chris Chung, CEO for the state’s top recruitment engine, the Economic Development Partnership of North Carolina, […]
As North Carolina continues to top list after list, ranking after ranking, economic development officials continue to say it’s the talent that’s really putting the region on companies’ radars.
That’s as North Carolina recently scored yet another accolade. A recently released Location Matters study calls out North Carolina as having one of the most broad-based and competitive tax structures for business in the United States. The report, written by the Tax Foundation and KPMG LLP, cites North Carolina’s status as having the lowest corporate income tax rate in the country at 2.5 percent.
Gary Salamido, CEO of the North Carolina Chamber, said the report proves North Carolina is competitive for businesses, with low corporate tax rates.
“It’s a tough labor market everywhere,” he said. “What’s North Carolina going to do differently to make sure I’m going to keep hitting… that’s where we need to focus our efforts.”