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Top States For Business In 2018: Starting A Solution Provider Company

Which states offer the most business opportunities, have an entrepreneurial culture or provide the most educated workforce for a solution provider startup? See how your state ranks in providing the resources needed—or hinders growth with taxes, regulations and other obstacles.

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No. 2: North Carolina (No. 2 in 2017)

Number Of Solution Provider 500 Companies: Four

North Carolina, of course, has been in the news as Hurricane Florence causes damage throughout the state. And the potential for such dangers is certainly something for businesses to consider. (The Best States analysis includes criteria about how prone states are for natural disasters and their preparedness for them.)

Nevertheless, the Tar Heel State is making a repeat performance in the No. 2 spot in our Best States analysis.

To start, North Carolina gets a boost from its low taxes (including a 3.0 corporate income tax and 4.75 percent sales tax) that results in a No. 4 ranking in taxes and regulations. The state's solid growth (GDP was up 2.3 percent in 2017) and other favorable factors lead to the state's No. 5 ranking in business climate/competitive environment.

Perhaps more surprising is North Carolina's No. 3 rank in state infrastructure–although damage from Florence could reduce that rank in the future.

North Carolina ranked No. 30 for the education and experience level of its workforce.

 
 
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