Learn how your company can enjoy these competitive advantages in North Carolina:
Low costs.
High quality of life.
Excellent universities.
Trained workforce.
Long-term commitment to biotechnology.
North Carolina offers all of these advantages and many more. That's why 450 bioscience companies choose to have headquarters or operations in North Carolina.
Most Affordable Biotech State
North Carolina has a distinct value proposition in biotechnology and the life sciences: high performance at low cost.
The state has the nation’s third largest biotechnology industry and a deep infrastructure to support it. Yet of all the leading biotechnology states in America, North Carolina has the lowest cost of doing business, according to a recent Milken Institute study.
Low Business Costs
North Carolina ranked as the 30th most expensive state based on wages, taxes, industrial and office rents and cost of electricity in the 2005 Milken Institute Cost of Doing Business Index.
Other leading biotechnology states ranked considerably more expensive than North Carolina:
- New York ranked the No. 2 most expensive
- Massachusetts No. 3
- California No. 4
- New Jersey No. 7
- Washington No. 14
- Maryland No. 17
- Pennsylvania No. 18
Put North Carolina's Advantage to Work for You
For a more personal assessment of how your company can benefit from North Carolina’s advantages, contact our Bioscience Industrial Development staff: Vice President William O. Bullock and Program Manager Mark Lombard at 919-541-9366.