North Carolina has a unique and vibrant economy among Atlantic coast states. During the first half of the 20th century, tobacco farming, furniture and textile manufacturing dominated the state economy; now the state is home to leading companies in the financial, IT and biotechnology sectors. There is a strong military footprint in the state, including several Air Force, Army and Marine Corps bases, ensuring that vendors who provide products and services related to military services can find many opportunities for contract work here. North Carolina also administers a variety of business support programs designed to provide financing, tax relief and resource access to companies in the state, some of which we will review below.
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