In CNBC’s 2025 ranking of America’s Top States for Business, North Carolina claims the top spot, scoring 1,614 out of 2,500 points. The annual study evaluates all 50 states using 135 metrics across 10 categories, such as Economy, Workforce, and Infrastructure. These categories are weighted based on how often states emphasize them in economic development efforts. New for 2025, the study includes metrics addressing trade war risks, shrinking federal budgets, and updated infrastructure demands for power and data. North Carolina performed especially well in key categories like Economy (ranked 3rd), Workforce (4th), Business Friendliness (4th), and Education (6th), receiving grades of A- or higher in these areas. However, it ranked lower in categories like Quality of Life (29th) and Cost of Living (23rd). The state’s strong economic fundamentals include low tax rates (2.5% corporate and 4.25% individual), a low unemployment rate of 3.7%, and a stable AAA credit rating. Governor Josh Stein, a Democrat, leads the state, which has a population of over 11 million. North Carolina’s balanced performance across multiple key business metrics helped it rise from 2nd place in 2024 to 1st in 2025, cementing its reputation as a top destination for business investment.
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