NC Economic Accolades Because of Tax Reform


North Carolina’s economy is expanding rapidly after Republicans in the state General Assembly cut billions in personal income and business taxes while reforming onerous government regulations to improve the state’s jobs climate since 2011. According to PolitiFact, North Carolina had the fastest-growing state economy in the country since 2013. The jobs announcements below speak for themselves.

Headlines illustrating the economic growth spurred by conservative reforms:

  • North Carolina lowers unemployment to 16-year best, adds third-most jobs in nation.’ North Carolina Department of Commerce June 2017
  • AXA expanding in Charlotte with 550 jobs, $18M investment.’ Charlotte Business Journal May 2016
  • 'Credit Suisse to add 1,200 jobs in Raleigh, North Carolina.’ Business Insider May 2017
  • 'Procter & Gamble’s Triad plant gets $8.89 million warehouse expansion.’ Triad Business Journal April 2017
  • ‘Continental to expand Morganton facility, create 160 jobs with $40 million investment.’ ABC Western North Carolina April 2017
  • ‘Refrigerant packing company brings 31 jobs, $12.8 million to Martin County, North Carolina.’ Daily Reflector April 2017
  • ‘Clinical trial company’s $38 million investment to bring 550 jobs to Wake County.’ CBS Raleigh April 2017
  • ‘Global textile company selects Randolph County for first U.S. location, adds 133 jobs with $20 million investment.’ Management Recruiters International April 2017
  • ‘Packaging company adds 22 jobs, $6.7 million investment in Randolph County.’ News & Record April 2017
  • ‘Foam products manufacturer adds 40 jobs, $5.2 million investment in Franklin County.’ Triangle Business Journal April 2017
  • ‘Fiberglass company relocates from China, brings 53 jobs to Lenoir, North Carolina.’ WBTV April 2017
  • ‘Smart grid firm moving HQ to Cary from Silicon Valley, bringing 130 jobs.’ WRAL Tech Wire April 2017
  • ‘The number of workers employed statewide (not seasonally adjusted) increased in February by 41,376 to 4,669,306.’ Department of Commerce April 2017
  • ‘Unemployment Rates Decrease in All 100 North Carolina Counties.’ Department of Commerce April 2017
  • ‘Novant health plans $49 million expansion, 100 new jobs at Triad medical center.’ Charlotte Business Journal April 2017
  • ‘2 companies to add 118 jobs in McDowell County.
  • 'North Carolina excels in ‘Fiscal Survey of States'
  • Charlotte metal-stamping plant to expand with 70 jobs. 
  • 'Clearwater announces 180 new jobs, $330 million investment.'
  • 'Carolina Structural Systems will open a manufacturing plant in Montgomery, employ 71 workers.’ News & Record February 2017
  • ‘$552 million budget surplus announced.’ North State Journal February 2017 
  • ‘Lidl begins hiring for 800 jobs at first 13 stores in N.C.’ Triangle Business Journal April 2017
  • 'North Carolina ranked #1 in the United States for IT employment growth by Tech Association study. Triangle Business Journal February 2017
  • 'North Carolina ranks above all other states for percentage of women in the IT workforce. N.C. Tech Association State of Technology Report February 2017
  • ‘Revenue picture remains good for North Carolina government’ with $332 million revenue surplus Associated Press January 2017
  • ‘North Carolina continues to provide income tax relief.’ Forbes December 2016
  • ‘Auto parts manufacturer to expand 4 plants in N.C., create 302 jobs.’ Triangle Business Journal December 2016
  • ‘INC Research adding 550 jobs, moving headquarters to Morrisville.’ News & Observer December 2016
  • North Carolina Ranks #2 in Site Selection’s 2016 Top State Business Rankings. Site Selection Magazine November 2016
  • ‘Lending Tree to add more than 300 jobs in Charlotte HQ expansion.’ Charlotte Business Journal November 2016
  • ‘Expert Global Solutions adding 800 jobs to Triad.’ WFMY News 2 November 2016
  • ‘Manufacturer approved for Chatham County incentives, boosts jobs pledge to 714.’ Triangle Business Journal October 2016
  • ‘North Carolina’s unemployment rate below national average.’ Washington Times September 2016
  • ‘Almac expansion to add 79 jobs in Durham.’ NC Biotech Center September 2016
  • ‘Avadim Technologies expansion in Black Mountain to bring 551 jobs.’ Black Mountain News September 2016
  • ‘Raleigh and Charlotte named #2 and #7 in “America’s Top Spots for Tech Jobs.’ Forbes August 2016
  • ‘Growing tax collections trigger corporate rate cut; revenues beat target by more than $300 million.’ Carolina Journal August 2016
  • ‘North Carolina budget director reports $425 million surplus.’ Time Warner Cable News July 2016
  • ‘CSX picks Rocky Mount for planned $272 million rail hub.’ News & Observer July 2016
  • ‘Relias Learning to add 450 jobs in Cary.’ News & Observer July 2016
  • ‘Tax revenues have increased 6% this year, and the state has a $400 million budget surplus.’ Wall Street Journal June 2016
  • ‘State budget cuts income taxes, raises teacher and state worker salaries.’ WRAL June 2016
  • ‘North Carolina improves from #9 to #5 Top State for Business.’ CNBC June 2016
  • ‘Grifols Therapeutics plans $210 million expansion in Clayton, NC.’ Area Development April 2016
  • ‘By G.D.P., North Carolina had fastest growing large economy in the nation.’ Triangle Business Journal March 2016
  • ‘Chinese companies to bring 230 jobs, $110M investment to Cleveland County.’ Charlotte Business Journal March 2016
  • ‘175 new jobs on the way to Richmond County Industrial Park.’ Richmond County Daily Journal March 2016

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