North Carolina has transformed from a tobacco and textile state into a technology, finance, and life sciences hub.
North Carolina has transformed from a tobacco and textile state into a technology, finance, and life sciences hub. The Research Triangle — encompassing Raleigh, Durham, and Chapel Hill — is one of the nation's premier tech and biotech corridors, anchored by Duke University, UNC-Chapel Hill, and NC State. Charlotte is the second-largest banking center in the United States after New York City, home to Bank of America and Truist Financial.
North Carolina's competitive tax rates, strong universities, and moderate cost of living have driven explosive growth in the Research Triangle and Charlotte. The state has attracted major tech employers including Apple, Google, and Epic Games.
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