North Carolina ranked the 5th best state in the nation to start a business, according to Forbes Advisor.

North Carolina offers a blend of supportive business elements. The state's formation fee is reasonably set at $125, striking a balance between accessibility and quality service. A significant advantage for entrepreneurs is the business survival rate of 77%, suggesting a nurturing and stable environment for startups. This rate reflects the resilience and potential for growth of businesses in the state.
Financially, North Carolina is poised to aid small businesses, offering an average funding of $22,019 via grants and incentives. This level of support shows the state's investment in fostering entrepreneurial ventures. The cost of living index here is 0.96, aligning closely with the national average and ensuring affordability for business owners and workers alike. With 65% of its population in the working-age category, North Carolina provides a large labor pool. The state's scaled score of 84 out of 100 reflects these combined advantages, making it a practical and promising location for new businesses. To read the whole story click here.