State tax reforms foster manufacturing

State tax reforms foster manufacturing Main Photo

14 Sep 2023


Site Selection just released its latest “Best States for Manufacturing” report. North Carolina ranked second in the nation in 2023, behind only South Carolina.

The study relies on three categories of data: 1) workforce and market alignment, 2) operating costs, and 3) geographic positioning. North Carolina compares favorably with other states in all three, but our strongest ranking is for operating costs — including costs imposed by state and local taxes.


To say tax policy influences the decisions of manufacturers and other employers is not to say it’s the only lever of importance that state and local leaders can operate. The regulatory environment matters. The quality of public services matters. As jurisdictions compete vigorously for people and investment, however, North Carolina wouldn’t be in the running if our leaders hadn’t reformed and reduced our tax code. To read the full article click here