North Carolina's Distinctive Advantages C onsistently recognized as having one of the best business climates in the United States, North Carolina offers companies of all sizes — from entrepreneurial start-ups to multinational Fortune 500 corporations — a number of compelling reasons to consider starting, locating or expanding a business in the state. Skilled, Productive Workers and Great Labor Environment    With an expanding and diverse population, North Carolina offers businesses a quality labor force able to meet the needs of today's advanced manufacturing and knowledge-based industries. And the lowest unionization rate in the nation helps keep that workforce affordable and flexible. Comprehensive Workforce Development Network    North Carolina provides customized recruiting, screening and training services and lifelong learning opportunities through a coordinated network of state agencies. Exceptional Educational Opportunities    New talent is constantly being generated through outstanding educational assets – beginning with preschool programs to promote school readiness, to increasingly accountable public schools, to accessible and affordable state community college and university systems, as well as a variety of superb private institutions. Unequaled Proximity to Major Markets    North Carolina's central East Coast location and extensive transportation infrastructure put the state within a 700-mile radius of more than 170 million US and Canadian consumers and provides global connections via deep water ports and international flights. Global Connectivity    High-speed Internet access available throughout the state,100 percent digital switching, and other significant technology infrastructure investments provide advanced, reliable voice, data and video communications and networking options. Competitive Operating Cost Structure    Construction costs, electric rates, overall taxes and cost of living indices are all below the national average, providing an economical business climate. A Great Place to Live    North Carolina's diverse geography and moderate climate allow a variety of outdoor recreation options; and rich history, unique arts and cultural activities, and intense collegiate and professional sports rivalries provide a magnet for recruiting new talent. A Government that Works for Business    North Carolina – a state with a progressive vision that has made strategic investments in education, infrastructure and technology – also achieves sound fiscal policy through a constitutionally mandated balanced budget, reasonable tax rates and AAA bond rating. Performance-Based, Targeted Incentive Programs    North Carolina offers qualifying companies a number of state and local programs designed to lower costs and increase global competitiveness, including discretionary grants in competitive situations and statutory tax credits for job creation, investment, and research and development. Professional Economic Development Assistance    Whether starting a company, looking for a new location, or expanding an existing operation, the North Carolina Department of Commerce Division of Business & Industry provides comprehensive support and expertise in the US and around the world.