North Carolina has the universities, research and workforce that continue to attract and keep the leading biotechnology, pharmaceutical and life sciences companies here. As the third-largest cluster of these industries in the nation, North Carolina is where biotechnology, pharmaceutical and life sciences companies Thrive. Our investments in a landmark workforce development initiative and the world’s first state-supported biotechnology center along with a low cost of doing business help companies here to flourish.
In just 10 years, the state has invested over a billion dollars in university research and facilities, worker training, incentives and infrastructure.
North Carolina’s cost of doing business is lower than all other biotech states, according to the Milken Institute’s Cost of Doing Business Index.
With strong percentage of growth, North Carolina’s biotech industry hit three times the rate of the national bioscience industry growth from 2001–2006.
North Carolina is one of the few states where entrepreneurs can take an idea conceived in the lab, create a product and refine it, produce and test it through the clinical trial phases and then manufacture and distribute it to global markets, all from one place.
More than 538 bioscience companies are headquartered or have operations in North Carolina, employing more than 58,495 people. That’s a deep talent pool.
North Carolina consistently ranks in the top five states for bioscience development.
A Quality of Life That Attracts Talent
From our moderate climate with excellent recreational opportunities to our culture-rich history and a low cost of living, North Carolina has what people are looking for to Thrive.
- A moderate climate
- A culture rich in history and the arts
- World-class sports events
- Recreational opportunities
- Quality health care
- Low cost of living—housing, utilities, supplies and groceries, transportation and health care are all below the national average
- Low construction costs
- Diverse educational opportunities and jobs available
The low cost of living in North Carolina makes it easier for our residents to take part in and enjoy all the great things that this state has to offer.
