Dramatic growth in cargo shipments from the FedEx Express hub at Piedmont Triad International Airport has made the airport the leader in cargo for all of the state’s public airports, a new report from the N.C. Department of Transportation shows.
Category Archives: News
Cook Medical completes purchase of Whitaker Park space; 650 workers will move to the former R.J. Reynolds Tobacco Co. facility
Cook Medical said Wednesday it has completed purchasing an 850,000-square-foot section of the former Whitaker Park manufacturing complex in Winston-Salem.
New state laws bring tax breaks, other changes in 2019
The final phase of the 2013 tax overhaul takes effect in tax year 2019. The state’s personal income tax rate will drop from 5.499 percent to 5.25 percent, while the corporate tax rate sees a bigger decline, from 3 percent to 2.5 percent, the lowest rate in the country among states that impose a corporate income tax.
More than 8,500 jobs announced in 2018
The Carolina Core experienced major jobs announcements and increasing momentum in 2018 with more than 8,500 jobs announced, according to a press release from the Piedmont Triad Partnership.
FORBES: The Best States For Business 2018: North Carolina Leads The Way
North Carolina has the best business climate in the U.S. and tops Forbes’ Best States for Business ranking for the second straight year.
North Carolina’s labor, energy and tax costs are all well below the national average and rank as the second lowest in the U.S. overall, per Moody’s Analytics. The 3% corporate tax rate is the lowest in the country.
In addition to low costs, the state boasts a highly educated labor supply fueled by graduates from 53 colleges and universities, including elite schools like Duke University and the University of North Carolina. The outlook is strong as well. Job growth and gross state product growth are expected to rank among the strongest in the country over the next five years. The population is growing twice as fast as the U.S. average.