Business & Financial Services | NC Commerce (2024)

FAQs

What does NC Commerce do? ›

The Department connects businesses with the site locations, workforce and infrastructure they need to succeed in one of the nation's top states for business. We also connect local communities with the grants and funding they need to attract new business and ensure future prosperity.

The state's pro-business environment and strong economy make it a highly desirable destination for companies seeking to establish or grow their operations. Some reasons why North Carolina is business-friendly include its low corporate tax rate of 2.5%, streamlined regulatory processes, and highly skilled workforce.

The variety of services offered by lending institutions, brokerage firms, and other businesses are collectively referred to as the financial services sector. The financial services sector is comprised of banking, mortgages, credit cards, payment services, tax preparation and planning, accounting, and investing.

North Carolina ranks ninth in the country for starting a business, according to a report from personal finance website WalletHub. The study compared the 50 states across 25 key indicators of startup success, including an educated population and labor costs, to determine the best places to launch and grow an enterprise.

Commerce, on a fundamental level, helps people satisfy wants and needs. It is a key factor in aiding the development of nations because of how much it can help create wealth for a nation. Because commerce seeks to fulfill the wants and needs of the people, it can lead to a higher standard of living.

Commerce is defined as the exchange of goods and services between two or more entities. It typically involves buying and selling things of value. Commerce can take place between businesses, between consumers, or between businesses and consumers.

Sample Answer #1:

I'm excited about the dynamic nature of the industry and the opportunity to continuously learn and adapt to new market trends. Pursuing a career in finance will enable me to leverage my skills and contribute to the financial success of organizations."

North Carolina offers a mild climate and 300 miles of shoreline. Geographically, the state is divided in three. Its coastal plain is filled with beautiful beaches, including the Outer Banks, where the Wright brothers made the first successful manned flight in history in 1903.

Financial experts know Charlotte as the nation's second largest banking center (next to New York City), with more than $362 billion in banking assets.

All services related to money are considered financial services. Banking, mortgages, credit cards, payment services, tax preparation and planning, accounting, and investing are types of financial services industries. Financial services are frequently the exclusive domain of businesses and professionals.

What kind of business is financial services? ›

These services involve banking, brokerage, mortgages, credit cards, payment services, real estate, taxes and accounting, and investment funds.

The primary function of financial services companies is to manage money. Take, for example, financial advisors who consult businesses on behalf of a client and manage assets. While the advisor provides no direct investments, they bridge the gap between investors and the institutions issuing securities.

North Carolina ranks first in the nation for the third year in a row on a closely watched measurement of state business competitiveness.

Biotechnology, energy, finance and information technology are just a few of the many business sectors that are rapidly growing and succeeding here, and a range of leading companies call our state home to their corporate headquarters.

Commerce is the exchange of goods or services among two or more parties. It is the subset of business that focuses on the sale of finished or unfinished products rather than their sourcing, manufacturing, transportation, or marketing.

WHAT WE'RE DOING. N.C. Commerce helps companies find success and communities attract jobs and improve their local economies.

North Carolina is a major player in the world economy, exporting more than $40.1 billion worth of goods to global markets like Mexico and China. North Carolina's exports include chemicals, automotive, and transportation goods, which are increasingly important to economic growth and job creation.

Chickens, tobacco, Christmas trees: Top products raised and grown in North Carolina. North Carolina remains one of the most productive states in the U.S. when it comes to agriculture and crop production. Tobacco, sweet potatoes and livestock are North Carolina's top agricultural drivers.