Winston-Salem at a Glance

 

Word gets around

Winston-Salem, the state of North Carolina, and many of the institutions in Winston-Salem have received awards ranging from the quality of life to the educational quality of the major schools.

Winston-Salem

#1 US City for Small Business Growth- WalletHub 2019

Top 10 Best Cities to Travel in 2019- Forbes

#31 Best place to live in the U.S. – US News 2019

North Carolina

Business Climate

Top 5 State for Manufacturing- Site Selection Group 2019

Top 5 State for Doing Business- Area Development 2019

#4 Best states for Business- Chief Executive Magazine 2019

#3 Top states for Business- CNBC 2019

#1 Best State for Business – Forbes 2018

Tax Climate

#2 Top States for Corporate Tax Environment- Area Development 2019

4% Corporate Income Tax – Lowest in Southeast – Tax Foundation 2016

#3 Lowest State and Local Business Tax Burden – Ernst and Young 2015

#5 Lowest Effective Tax rate for mature corporate HQ’s – Tax Foundation and KPMG 2015

Low Business Cost

#5 States for Favorable Utility Rates- Area Development 2019

#5 States for Access to Capital & Project Funding- Area Development 2019

#5 Lowest business costs – Forbes 2015

18% lower construction costs in North Carolina Metros vs US average

Labor Environment

#3 Top States for Competitive Labor Environment- Area Development 2019

#5 Top States for Workforce Development- Area Development 2019

#1 State for workforce development Atlantic region – Site Selection 2016

#2 Lowest Unionization Rate in the US – US Bureau of Labor Statistics 2015

Legal and Regulatory Environment

#8 States for Favorable General Regulatory Environment- Area Development 2019

#6 States for Quick Permitting- Area Development 2019

#7 Legal Climate Ranking – US Chamber Institute for Legal Reform 2015

#5 Overall treatment of tort and contract litigation – US Chamber Institute for Legal Reform 2015