As North Carolina recovers from the COVID-19 pandemic, business is booming, and one publication has recognized it. In the latest version of its annual survey of CEOs, Chief Executive Magazine ranked North Carolina among the top five states for businesses.
North Carolina did drop one spot in the business rankings, but not for any reason. Arizona skyrocketed from 10 in 2021 to four in 2022. North Carolina did drop one spot in the business rankings, but not because of anything it did wrong. It was more a product of Arizona skyrocketing from 10 in 2021 to four in 2022.
“With tech assets in the Research Triangle and the growing life sciences sector, the Tar Heel State has been on a roll in the past year. Thermo Fisher Scientific announced in December 2020 a $500 million investment and 500 new jobs in Greenville. Fintech company Robinhood added in March nearly 400 new jobs in Mecklenburg County. And in April 2021, Apple announced a $1 billion R&D campus in Wake County that will create 3,000 jobs by 2032. According to a recent survey and a white paper by the Tax Foundation and KPMC, the state now has one of the most competitive tax structures for business in the U.S.”
A number of Fortune 500 companies have their headquarters in North Carolina, including Bank of America, Lowe’s, Nucor, Duke Energy, BB&T, Honeywell, LabCorp, Sonic Automotive, and Advanced Auto Parts. A look at how all 50 states ranked this year, along with comments from the Chief Executive: