The Piedmont Triad has an unbeatable location and a high quality of life while maintaining a relatively low cost of doing business. This combination has made the Region very attractive to business and industry.
In fact, the Boyd Company ranked the Piedmont Triad Region the lowest-cost location for Fortune 500 corporate headquarters of 30 major U.S. metro areas studied. Site Selection magazine has named North Carolina #1 for business climate, a ranking that has been achieved 10 times in the past 12 years.
- Business-assistance programs are available both locally and from the state.
- North Carolina has no inventory or intangibles taxes and no sales tax on raw materials.
- Tax credits are available from the state which reward job creation, investment in machinery and equipment and research and development.
- One-time sustained annual grants are also available -- on a competitive basis -- to new and expanding businesses that choose to locate in the state rather than elsewhere.
- No-cost pre-employment assistance is available for potential new hires from North Carolina JobLink Career Centers. This includes labor market information, recruitment, screening and pre-employment training.
- Construction costs are well below the national average. (see data table link to the right)
- North Carolina is a 'right-to-work' state and has the lowest union enrollment in the nation.
- Utility costs are relatively low, and the water supply is plentiful.