NC ranks #4 in the nation for lowest corporate tax rate
Sales & Use Tax is 6.75% (and offers some industry exemptions)
No NC Inventory Tax
NC building costs are 16% lower than the national average
We’re a mid-sized city with plenty of room to grow. A place of opportunity positioned in an ideal location without the headaches or over-saturated market you’ll find elsewhere.
Discover how you can invest or grow a company that will deliver the returns you’re looking for.
North Carolina offers many economic incentives for companies relocating or expanding in the state. From tax credits to discretionary financial incentives and reduced rate allowances, you can find ways to win doing business in Greensboro.
If you're a business owner or investor, Greensboro offers ideal benefits across a variety of industries.
County Property tax rate compared to 1.08% national average
NC Historic preservation tax credit
NC ranked #1 competitive state by Site Selection Magazine 3 years in a row
NC Corporate
Income Tax rate
Local incentives may be available based on job creation or investments in taxable property, and several Opportunity Zones exist in Greensboro that allow investors to defer, reduce, or eliminate unrealized capital gains if reinvested in designated zones.
NC ranks #4 in the nation for lowest corporate tax rate
Sales & Use Tax is 6.75% (and offers some industry exemptions)
No NC Inventory Tax
NC building costs are 16% lower than the national average
Resources for the Greensboro Job Market
A catalyst for employees and employers, GuilfordWorks serves as the vital link between ambitious individuals and forward-thinking employers. We empower job seekers with resources, advice, and collaboration while connecting employers with top-notch talent and training solutions.
The vision of GuilfordWorks fuels the aspirations of individuals and the growth of businesses, bringing opportunity and success to our community.
Greensboro, NC: Where Entrepreneurship Thrives
Ranked two years in a row as America’s Top State for Business by CNBC (2022-2023), Greensboro is a premier location in which to invest, start, and operate a business. Greensboro boasts a strong network of partners across the governmental, educational, non-profit, and private sectors that collaborate to provide the programs and infrastructure needed for the success of every new business and start-up, big or small.
This network operates within a more robust regional ecosystem of organizations concerned with addressing the needs of businesses across all stages of growth, which creates employment opportunities and enhances the global competitiveness of the Carolina Core region.
We fund community organizations to provide specialized services and initiatives in partnership with the City that directly support Greensboro businesses and entrepreneurs
GREENSBORO BUSINESS LEAGUE
Minority and Women Business Enterprise (M/WBE) support programs
THE NUSSBAUM CENTER OF ENTREPRENEURSHIP
65,000 square feet of specialized space to support and inspire entrepreneurs
Greensboro generally offers a lower cost of living and higher working profit than the national average, resulting in a higher quality of life for your employees and more ROI for your company.
The City of Greensboro is open to collaboration through public-private partnerships to enhance community amenities.
GREENSBORO ECONOMIC DEVELOPEMENT
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