North Carolina

Overview

North Carolina is the 9th most populous state in the US. It joined the Confederacy during the Revolutionary War despite considerable pro-Union support among its residents. The state’s nickname is "The Tar Heel State," presumed to originate from North Carolina’s extensive tar industry that was critical to its economy early in its development. More recently, the state’s economy is shifting towards knowledge-based enterprises such as biotechnology and pharmaceuticals. North Carolina's most populous city Charlotte is the second largest banking center in the US, only surpassed by New York City. The state also has a substantial tourism income. Major attractions include the Great Smoky Mountains and the Blue Ridge National Parkway. North Carolina is a good place for small businesses looking to deal in information.

Industry Stats

• North Carolina has more people working in banks than in department stores.

• Couples spent a combined $3.7 million on hair services for their wedding in 2015.

• Over 42,000 people work in various religious organizations in this state.

• There are only 7,333 roofers for the state’s 3.8 million households. That’s 518 houses for every roofer to service.

• Couples in North Carolina spent an average of $368 just on tips for their wedding last year.

• There are about twice as many hairdressers as firemen in North Carolina.

North Carolina isn’t particularly strong in any one area in terms of friendliness towards small businesses, but what it lacks in depth it makes up for in its breadth of beneficial policies towards small business owners. If you’re looking for a great all-around place to start a small business, this state is a fantastic pick.

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