As North Carolina continues to carve out its competitive advantage among states, there are several strategic decisions and investments that can be made to strengthen its status as an international leader in business. This report aims to spotlight North Carolina’s competitive advantages as well as document opportunities for targeted business growth within the state.
The report opens with a focus on 14 of North Carolina’s highest-producing sectors within its supply chain. An economic contribution analysis is completed for each sector, demonstrating how North Carolina’s supply chain impacts the state’s economy.
Additionally, an analysis of the essential factors of production for the industries that comprise each sector is undertaken. In-state and out-of-state industry inputs are delineated to demonstrate existing supply chain success as well as opportunities for strategic business attraction. Employment hotspots are also discussed to show areas of concentrated economic activity within each sector.
The report then transitions into emerging industries, sector growth, and the value of the existing transportation network. Coinciding with evolving technologies, growth areas, and strategic opportunities, this section of the report highlights the industries or sectors within North Carolina that have the potential to capitalize on anticipated domestic and global growth, including a review of offshore wind, semiconductors, aerospace manufacturing, and transportation-related industries. The report concludes with a discussion on the role of North Carolina’s transportation network on the state’s supply chain.
