When deciding on a new location for your business, it can seem like a difficult choice. Relocating brings with it a number of different challenges and considerations anyway: are you offering to relocate your current team? Is everyone going to be happy with your choices? What is the economy like in your chosen destination? Answering these questions is very important to identify any issues or pressing concerns with the move, as well as helping you to think of some great solutions and alternatives. With all of these options available, it’s helpful to have some suggestions, so today, we wanted to cover one of our top picks for a location to relocate your business to: North Carolina.
Low Corporate Taxes
The state of North Carolina has an incredibly low corporate tax rate, making it a very attractive option right off the bat. Businesses moving here can expect much lower monthly outgoings compared to some other popular destinations like Pennsylvania, which has a rate of more than 9% compared to North Carolina’s 2.5%. It’s no wonder then that so many businesses are considering moving to this great state to reap the benefits of low taxes. In fact, it’s important to note that North Carolina has the lowest corporate tax rate in the entire country, so there really is no better option here.
Business Is Booming
North Carolina is drawing businesses in from far and wide due, in no small part, to its targeted, performance-based corporate programs run by the Economic Development Partnership of North Carolina (EDPNC). These programs offer a myriad of incentives to companies looking to settle here, such as renovating buildings, transforming them into office spaces, reworking public infrastructure, demolishing old and unusable buildings, and even assisting in the training of workforces. The aim of the EDPNC is to attract businesses from far and wide to relocate to the state, and they understand that the more they can do to help businesses on their journey, the better North Carolina’s economy can become as a whole.
Central, Accessible State
The location of North Carolina provides easy access to other states, as well as having great local links too. NC boasts four international airports spread around the state, and its central, east coast location means that it’s a good spot if you need to travel around for meetings with clients and partners located in different states. As well as this, North Carolina is home to the port city of Wilmington which is perfect for international shipping and trade, with a continued growth of these types of businesses.
Stunning Landscape
If you’ve ever been to this gorgeous state, you’ll know that that it has an incredibly rich natural world, from rolling hills and mountains, and stunning green forests that go on for miles and miles, to golden sand beaches with beautiful clear waters. Whether you’d like to visit the beautiful waters of Lake Norman or the impressive Great Smoky Mountains, you’ll find something to whet your appetite for sightseeing and days out in the wilderness. There aren’t many places in the world that offer such a varied combination of sights all within driving distance either. The amazing land and seascape of North Carolina makes for a wonderful backdrop to many housing options too, so choosing a favourite place to live is actually going to be very difficult. There are so many places to choose from, each with its own amazing environment. If you want to have a look at some great options for housing in places such as coastal Wilmington, then visit EZHomeSearch.com.
Large Talent Pool
North Carolina has many graduates entering the workforce every year, from some very prestigious schools. As well as standard University learning, the state is home to a very large percentage of military personnel, second only to Texas. Being home to both the Army’s Fort Bragg and the Marine Corps’ Camp Lejeune, North Carolina has naturally become a prime location for military-focused businesses such as defense contractor, Booz Allen Hamilton, who provide countless jobs for the state. Having such a large military population also provides private industries with access to workers with desirable skills after leaving the military in later life.
Fun And Entertainment
Moving your business to a dull, middle-of-nowhere town might not be a great choice, and you’re unlikely going to be bringing much of your team with you unless they’re entirely desperate. Luckily, North Carolina doesn’t fit this description at all, and you’ll find countless wonders and excitement after moving here, no matter which town or city you choose. For sport fanatics, there are many different teams across multiple sports for you to get yourself invested in. Whether you’re a basketball fan or a die-hard football nut, you’ll have ample opportunities to visit big state and national games, depending on your preference. The music scene of NC continues to grow too, with artists from all different genres playing shows at arenas and festivals across the state. Whether you prefer hip hop or country, there will be a gig for you.
Community Spirit
The people of North Carolina are by far some of the friendliest in the country. Sharing that southern hospitality with neighbouring states, you’ll feel right at home moving here. A welcoming and caring community always helps newcomers settle in well, and you’ll feel as though you’ve been here forever. The culture in NC is very down-to-earth and relaxed too. If you’re the type of person that enjoys a cookout and a craft beer with your friends and colleagues, then this state might be the place for you.
Cost Of Living
Finally, another incentive for you and your team to move here is the lower-than-average cost of living. Similar to low corporate taxes, you’ll find that the cost of your groceries, healthcare, transport and your general housing costs and utilities are going to cost you much less than in other places. Also taxes themselves are lower than average too, helping your team live a life free from the stresses of high monthly outgoings.