Since 2010, North Carolina’s plastics and chemicals industries are growing 50% more than the national average—culminating in 75,000+ industry jobs, or the fifth-largest industry workforce in the U.S.
Meet some of the plastics and chemicals companies doing business in North Carolina:
North Carolina is known for having the right formula for business success.
Our low tax burden and highly educated workforce solidify North Carolina’s place as a state that’s prime for investment. But those are just a couple of reasons plastics and chemicals companies are attracted to North Carolina. Here are some of the many others:
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- The lowest corporate income tax rate in the U.S.
- 2.5% corporate tax rate
- NC is ranked No. 1 for lowest state and local tax burden in the United States by Ernst & Young and the Council on State Taxation
- The highest concentration of Tier 1 research universities
- Three within 25 miles of one another:
- Duke University
- The University of North Carolina at Chapel Hill
- North Carolina State University
- All three contribute to local businesses by:
- Feeding the workforce pipeline
- Creating and maintaining industry partnerships
- Fueling an innovative business environment
- Three within 25 miles of one another:
- Reliable, low-cost electricity
- NC’s average industrial electricity rate is more than 8% lower than the national average
- An educated and highly trained workforce
- Three Tier 1 research universities
- 125 public and private colleges and universities across the state
- NC’s 58-campus community college system offers a variety of training and classes within 25 miles of every resident in the state
- Large, diverse and growing industry workforce
- 75,000+ plastics and chemicals industry workers
- NC has the fifth-largest and fourth most-highly concentrated workforce in the U.S.
- Workforce growth of 9.2%, 1.5 times the national average, from 2010-2015
- Customized training programs
- NCWorks, the state’s comprehensive workforce development platform, offers customizable training for new and existing businesses in the state
- Polymers Center of Excellence
- North Carolina non-profit created to increase knowledge, provide technical support and assist in developing emerging plastics-industry technology
- Society of Plastics Engineers
- SPE is the world’s largest professional society for plastics
- Keeps members up to date on new technologies and developments in polymers
- Organizes local industry facility/plant tours, networking events and technical meetings
If you have an economic development project and you'd like assistance, contact a state economic developer using the webform below.