mps.__intcode = "v2"; Sign up for free newsletters and get more CNBC delivered to your inbox. This is a forward-looking forecast based on the state’s standing (equal-weighted average) in 15 important state policy variables. mps._queue.adview = mps._queue.adview || []; No copyright is claimed on non-original or licensed material. return _regex.test(_qs); This variable is calculated by taking tax revenues from state and local sales taxes per $1,000 of personal income. )+[a-zA-Z]{2,}))/; if (typeof adunit != "string") return false; 'title' : '3. North Carolina is a leading peanut and sweet potato production state. (function() { ||GUESTBOOK Data were drawn from Tax Analysts, Federation of Tax Administrators, individual state tax return forms and the Bureau of Economic Analysis. Crushed stone, mostly granite, is the state's most valuable mined product followed by traprock and limestone. var d = new Date(); 'nid' : '105932308' The percent change in real GDP in the first quarter ranged from –1.3 percent in … 'cag[configuration_franchise]' : 'America's Top States for Business 2019' , North Carolina Economy Agriculture. Tax rates are as of January 1, 2020. // Charlotte has become a major U.S. financial center, and is now the second largest banking center in the United States after New York City. // } else { The y-axis for these charts is the actual year of the data, rather than the year of the corresponding publication year. if(typeof document.getElementsByTagName('meta')['tp:PreferredRuntimes'] === 'object') { NETSTATE.COM is a Trademark of NSTATE, LLC. These data were released in October 2019. 'cag[attribution_author]' : ' Staff' , ||INTRO 'cag[project_management_team]' : 'CNBC US Team' , Wholesale trade (automobiles, building materials, groceries, tobacco) and retail trade (department stores, food stores, service stations) comprise North Carolina's third-ranking service industry. 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We measure this by i) a state expenditure limit, ii) mandatory voter approval of tax increases and iii) a supermajority requirement for tax increases. }); Information comes from the U.S. Chamber of Commerce Institute for Legal Reform 2019 Lawsuit Climate Survey. } // mps._queue.gptloaded = mps._queue.gptloaded || []; The national unemployment rate has remained stubbornly high since the recession, but not all states are still feeling the jobs crisis. North Carolina is home to leading research facilities focusing on medicine, electronic and other specialized fields. 'cag[type_source]' : 'CNBC US Source' , This variable is calculated by taking tax revenues from state and local property taxes per $1,000 of personal income. }, Bond rating (Moody's/S&P): Aaa, stable/AAA, stable, Major private employers: Wal-Mart, Bank of America, Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence. North Carolina' , This information comes from the U.S. Department of Labor, as of January 1, 2020. These data were released in October 2019. 'template' : 'story_carousel' , mps.cloneAd = function() { return false; } Its 2007 per capita personal income was $33,735, placing 36th in the nation. document.getElementsByTagName('meta')['tp:PreferredRuntimes'].setAttribute("content", "flash,html5"); North Carolina's agricultural outputs include poultry and eggs, tobacco, hogs, milk, nursery stock, cattle, sweet potatoes, and soybeans. mps.insertAd("#" + slotid, adunit) © 2020 CNBC LLC. North Carolina has the best business climate in the U. S. and tops Forbes’ Best States for Business ranking for the third year in a row. mps.__timer = ? These data were released in October 2019. Tax rates are as of January 1, 2020. We want to hear from you. !e;this.xhrGuids&&!this.xhrGuids[n]&&(this.xhrGuids[n]=!0,this.totalCbs+=1)}),f.on("xhr-load-removed",function(t,e){var n=""+p(t)+! var mpscall = { (function(){ For example, cotton cloth becomes more valuable than a boll of cotton through manufacturing processes.