Business Climate

Greensboro-High Point and Guilford County offer a cost-effective environment that strengthens company performance. North Carolina maintains one of the most competitive tax structures in the country, supported by a stable regulatory climate and predictable operating costs.

Tax Advantages

North Carolina corporate income tax rate: 2.25 percent
Scheduled to phase out completely by 2030
State sales and use tax: 4.75 percent
Local sales tax: 2 percent
State personal income tax: 3.99 percent
No inventory tax
No sales tax on manufacturing equipment
No sales tax on utilities for manufacturing

Additional Cost Benefits

Unemployment insurance rate for new employers: approximately 1.0 percent, with experienced employers ranging from 0.06 to 5.76 percent
Average property tax rate in Guilford County: 1.09 percent or $1.088 per $100 of assessed value