Recent Rankings demonstrate Wake County’s economic development strength

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#2 Top State for Business 2021 | CNBC

In CNBC’s annual ranking of state business climate, North Carolina was named the #2 Top State for Business.  The state ranked in the top 10 for workforce, economy, business friendliness and access to capital.  The article also specifically mentions Apple’s decision to locate its east coast campus in Wake County as evidence of the state’s strengths.

Location Matters Report  |  Tax Foundation & KPMG study

The Tax Foundation and KPMG recently completed the Location Matters Report modeling the tax implications of eight different types of new and mature firms and analyzed what each would pay in state and local taxes in every state.  The study ranked North Carolina third overall for lowest effective state tax rates for new firms and fifth overall for mature firms.

These rankings describe the foundational underpinnings that make our community so strong – a dynamic regional economy, a business-focused regulatory environment, a world-class education and higher education ecosystem and a high quality of life — both for our existing community and incoming talent.