For the third time in four years, North Carolina has been named America’s #1 State for Business by CNBC. The rankings evaluated all 50 states across ten categories of competitiveness. North Carolina earned 1,614 out of a possible 2,500 points, outperforming all other states.
The state ranked especially high in the Economy, Workforce, and Business Friendliness categories. CNBC’s evaluation system assigns category weights based on how often states promote them as advantages for attracting business.
“Our people, state’s business climate, top research universities and excellent community college system, infrastructure, and high quality of life help both companies and workers thrive,” said Governor Stein in a press release.
North Carolina’s strong performance follows a year of economic expansion. Since January, the state has announced business projects expected to generate nearly $17 billion in new capital investment. These developments are projected to create more than 20,000 new jobs across the state.
A key sector driving growth is clean energy. More than 100,000 residents now work in the clean energy economy, making North Carolina a national leader in the field.
In March, a new executive order created the Council on Workforce and Apprenticeships, a bipartisan body tasked with improving workforce development. The council’s first report outlined 11 goals to help more residents access good jobs and build strong careers.
Lawmakers also passed Senate Bill 124 this year, reducing the number of state jobs that require a four-year college degree. The change is expected to widen access to public employment opportunities.
Beyond business and workforce development, the state launched the “Rediscover the Unforgettable” tourism initiative in partnership with Visit NC. The campaign encourages travelers to explore western North Carolina.
Additionally, the $55 million Western North Carolina Small Business Initiative, backed by the Dogwood Health Trust and the Duke Endowment, provided grants to more than 2,000 local businesses.
With continued investment in jobs, education, and innovation, North Carolina remains positioned as a national leader in economic competitiveness.
