North Carolina consistently ranks as one of the top places in the nation to live and do business. The state offers low business costs, supportive business environment, a large and productive labor force, and outstanding scenic and recreational attractions. A wide range of resources exist to start, locate, or expand a business in the state. It is important to remember that North Carolina’s corporate income tax rate is 6% and there is no inventory tax in the state. Electricity rates for industrial, commercial and residential are below the national average. In addition, there are grants and low-interest loans available to business owners along with an extensive array of tax credit incentives to new and expanding industry.
“Over the past few weeks a number of customers have asked me, ‘Why Edenton, NC?’ The simple answer is that the Edenton plant is MiTek’s largest and most productive facility, with the lowest conversion AND raw materials costs. This allows us to provide our customers with extremely competitive pricing, with the added bonus of single-site sourcing.”~ Tom Valvo, Group President, Aegis
North Carolina lies within a 700-mile radius of 170 million U.S. and Canadian customers and, at least, 70% of the nation’s industrial base. It is a “right-to-work” state with a unionization rate of 2.9%-the third lowest rate in the nation and workers compensation and unemployment insurance rates are among the lowest in the nation. Top this off with the fact that the community college system in NC offers free customized skills training to businesses and industry.