North Carolina has transitioned from a traditional economy based on tobacco, furniture and textiles -- to a global economy that is driven by knowledge-based enterprises -- including advanced manufacturing, software and information technology, bio-pharmaceuticals and financial services.
As part of this transition, we have identified growing industry segments that are key to our future and have targeted these segments with support and services to ensure they have the resources, training and educational programs to be successful in the 21st Century.
Agriculture remains vital in our state with shifts from a focus on tobacco to new crops that fuel such areas as wine-making and biotechnology. Textile manufacturers have emerged as high-tech innovators and established us as a world leader in nonwoven textiles with engineered fabrics produced through sophisticated processes.
With the fourth largest military presence in the nation, local communities are boosted by defense-related industry and ample business opportunities through government contracting.
You’ll find access to information and resources about business opportunities in the following sections, or you can call us directly at the N.C. Department of Commerce and ask for our Industry Sector Team member who concentrates in your business area:
Biotechnology, Pharmaceuticals and Life Sciences – North Carolina has the third largest biotechnology industry in the United States.
Information and Communications Technology – The state ranks among the top national and worldwide centers in telecommunications, networking and software development.
Motor Vehicles and Heavy Equipment – More than 1,000 manufacturing operations supply parts, accessories and components for automotive, truck, bus and heavy equipment industries.
Business and Financial Services – As the second largest financial center in the nation, one of North Carolina’s largest economic sectors employs nearly 200,000 workers.
Chemicals, Plastics and Rubber – More than 550 U.S. and international companies provide a solid base for manufacturing materials, equipment, parts and molds.
In addition to the industries listed above, North Carolina has fostered growth in