North Carolina has been named one of the top 10 states people moved to in 2018. Due to our hard work in the legislature, our state has one of the most business-friendly environments in the country.
Since 2011, we have lowered state and corporate income taxes which has led to businesses and families moving to our state at high rates. In 2011, corporate income tax rates were 6.9%, which was higher than any of our bordering states. They dropped to 3% by 2017 and will drop to 2.5% by the end of 2019, lowest amongst our bordering states. These rates have led to more people and businesses wanting to be in our state. I will continue working hard to ensure that NC is one of the most competitive, business-friendly states.