About the Carolinas

Business-friendly for your business


Our Carolinas territory serves close to 4 million customers across 58,000 square miles, and our customers enjoy some of the lowest utility rates in the U.S. as well as one of the best business climates. As a leading economic development partner in the region, our mission is to attract, retain and assist businesses relocating or expanding in the Carolinas.

North Carolina ranks as one of the top places in the nation to live and do business, and the reasons are compelling: low business costs, a large, productive labor force, outstanding scenic and recreational attractions, and much more.

In South Carolina, you can expect a strong pro-business climate offering low startup and operating costs, a nationally acclaimed workforce training program and very affordable living.

Together, the Carolinas offer an unbeatable environment to launch or expand your business, where you can easily access the resources you need to ensure your operation grows.

High quality, low cost

North Carolina
Doing business in North Carolina is a smart way to manage costs. There's no inventory tax, new or expanding industries can qualify for tax credits, and grants and low-interest loans are available. But it's also a place to enjoy a high quality of life, from the coast to the mountains. Residents can choose from the symphony, year-round festivals, two major league sports teams and 500 golf courses.

South Carolina
South Carolina rivals North Carolina for tax advantages, and construction costs rank among the lowest nationwide. Transportation is a big draw, too: Nearly 75 percent of the U.S. population is a two-day drive away, the Port of Charleston is the second busiest container port on the East Coast and the state is home to seven major airports. South Carolina is also well-known for its rich cultural heritage, Southern charm and outdoor attractions that span the Piedmont foothills to the beach.

Reliable, safe, affordable electricity

Because of our stability and financial strength, we can assure our transmission and distribution systems deliver safe, high-quality, reliable and affordable electric service. Our service availability is among the highest in the nation.

We're one of the largest electric power holding companies in the United States. Our regulated utility operations serve approximately 7.2 million customers located in six states across the Southeast and Midwest. Our commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.

Headquartered in Charlotte, N.C., we're a Fortune 125 company traded on the New York Stock Exchange under the symbol DUK. More information is available in the Our Company section of this site.

"Together, the Carolinas offer an unbeatable environment to launch or expand your business."

Targeted Industries

Economic development leaders in North Carolina have identified a list of target industries that reflect the state’s geographic, economic and demographic diversity. Find out what's working for these key businesses.

Why choose North Carolina?

North Carolina consistently ranks as one of the top places in the nation to live and do business. From low business costs to a large, productive labor force to outstanding scenic and recreational attractions, North Carolina has important advantages.

Note: Links are to information presented on other websites. Duke Energy is not responsible for the accuracy of content at those sites.

    • No inventory tax.
    • Tax credit incentives are available to new and expanding industry.
    • Grants and low-interest loan programs are available.
    • North Carolina has a AAA bond rating.
    • North Carolina enforces sound fiscal policy through a constitutionally mandated balanced state budget.
    • Research Triangle Park (RTP) continues to be a model for technology corridors around the country.
    • North Carolina is home to the Global TransPark business complex and education and training center.
    • Fourth-largest military presence in the nation.
    • Global economy driven by knowledge-based enterprises.
    • North Carolina lies within a 700-mile radius of more than 170 million U.S. and Canadian consumers, and at least 70 percent of the nation's industrial base.
    • Two deepwater ports handle nearly 5 million tons of cargo each year.
    • Four international airports provide passenger service by major carriers to most locations throughout the U.S.
    • The state boasts a 4,000-mile rail network and second-largest highway system in the nation.
    • North Carolina is a "right-to-work" state, with the lowest unionization rate in the nation.
    • The state's workers have a strong work ethic; absenteeism rates are low.
    • Workers' compensation and unemployment insurance rates are among the lowest in the nation.
    • North Carolina offers free, customized skills training through an extensive system of 58 community and technical colleges.
    • A state-supported university system (one of the top-rated systems in the country) offers advanced educational opportunities at 17 campuses.
    • The R&D capabilities within the internationally recognized Research Triangle Park provide support for diverse business and industry endeavors.

Why choose South Carolina?

In South Carolina, you can expect a strong, pro-business climate offering low startup and operating costs, a nationally acclaimed workforce training program and affordable living. These are just a few advantages that make doing business in South Carolina so appealing.

Note: Links are to information presented on other websites. Duke Energy is not responsible for the accuracy of content at those sites.

    • Low 5 percent corporate income tax rate and no local corporate income tax.
    • Jobs Tax Credit – significant income tax reductions based on job creation.
    • No state property tax.
    • No tax on inventories, intangibles or pollution-control equipment.
    • No sales tax on electricity and fuels used in manufacturing.
    • No sales tax on production machinery, equipment or raw materials.
    • Property tax reductions through five-year abatement Fee-in-Lieu of Taxes Programs.
    • Job Development Credit – discretionary, performance-based company rebate for approved project expenditures.
    • Construction costs that rank among the lowest in the nation.
    • Ranked first among 17 Southeastern states in per capita investment.
    • An $18 million annual fund for highway construction and improvements for economic development purposes.
    • Tax increment financing for redevelopment projects.
    • Lowest workers' compensation rates in the nation.
    • Within a two-day drive of nearly 75 percent of U.S. population.
    • Five interstates – 95, 20, 26, 77 and 85.
    • Seven major airports, three Atlantic seaports and a 2,500-mile rail network.
    • Port of Charleston – second-busiest container port on the East Coast.
    • ReadySC – the nation's top-ranked workforce training program.
    • Low 2.1 percent unionization rate.
    • A "right to work" and "employment at will" state.
    • Sixteen technical colleges that graduate more than 9,000 people each year.
    • Recreational opportunities extend from 200 miles of beach to the rolling foothills of the Piedmont.
    • A rich cultural heritage is celebrated with art museums, opera houses, theater, ballet, symphony, Spoleto and other folk festivals.
    • Sporting activities and events include top-level collegiate sports, steeplechase, polo, NASCAR, golf, fishing and hunting.
    • South Carolina has over 400 golf courses and the moderate weather to play all year.

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