The economyBank towers, lab benches and furniture lines.
North Carolina’s economy has three very different centres of gravity. Charlotte is a banking city: the Economic Development Partnership of North Carolina calls it the second-largest banking center in the country and lists Bank of America and Truist among the headquarters there, and the Bureau of Labor Statistics counts about 311,700 financial-activities jobs across the state. Raleigh, Durham and Chapel Hill form the Research Triangle, home to Research Triangle Park, which the same partnership calls North America’s largest research park. The Partnership counts about 860 life sciences companies statewide, citing NCBiotech’s 2026 tally, and separately credits the Research Triangle Region with more than 675 leading ones.
The third centre is industrial. The Partnership counts more than 850 furniture manufacturers and over 2,000 suppliers across the state, with the High Point Market drawing buyers twice a year, alongside textiles, automotive suppliers, food processing and new biologics manufacturing in Holly Springs and Wilson County. Manufacturing still employs about 450,000 people statewide, BLS figures show, 1.9% fewer than a year before.
Underneath the headline industries sit ordinary businesses in large numbers. The Census Bureau counted 258,169 employer establishments in 2023 with almost 4.3 million people on payroll, a 4.2% rise in a year, plus more than 920,000 owner-run businesses with no employees at all. Health care alone took in $96.6 billion in receipts in the 2022 Economic Census, and professional and business services now account for roughly 765,000 jobs — the accountants, engineers, staffing firms and consultancies that do the paperwork for everyone else.