Mergers & Acquisitions Advisory

A Neumann & Associates, LLC

March 19, 2019

North Carolina Business Climate

By Achim Neumann

Since the past few years, North Carolina has been ranked among the top 5 best states to do business. This recognition is according to major American Business Magazines such as the Forbes, CNBC and Site Selection. The rankings were calculated by six categories, labor supply, economic climate, regulatory environment, quality of life, and business costs.

The success and momentum of North Carolina’s business climate are propelled by superior infrastructure, groundbreaking university research, low business costs and a fast pace of life. All these inspire talented and hardworking people to showcase their skills and knowledge. Buying a business in North Carolina or selling a business in North Carolina is a great option due to the aforementioned.

Legal and Regulatory Environment

The term “business friendliness” refers to the government-imposed regulations and legal framework including the environmental and health standards to be followed by businesses. While more extensive business organizations have succeeded in ranking high there has been some complications for small enterprises in clearing the licensing procedures. With major tort reforms and the strengthening and streamlining of business, courts have taken North Carolina new heights in terms of legal climate rankings in the U.S.

Low Business Costs

The low cost of doing business is North Carolina is mainly a result of reliable and low construction costs as well as low electricity costs which are well below the U.S. average rate. 

The latest state tax reform package in North Carolina has been able to significantly reduce both personal and corporate income tax alongside higher deductions for property taxes and mortgage interest. The low cost of living combined with competitive labor costs is what makes North Carolina a major business hub of the U.S.


Being centrally located on the eastern seaboard, North Carolina has excellent transportation infrastructure. It provides an optimal point of access to customers and markets helping in keeping  delivery costs and freight low. It offers global market accessibility via two seaports, four major airports and the second-largest state-maintained highway in the U.S.

Workforce and Education

North Carolina proudly boasts of its highly educated labor supply comprising of graduates from more than 50 Colleges and Universities including the elite institutions of the University of North Carolina and the Duke University.

The State budget has reduced the education funding by almost $500 million alongside eliminating $53 million from the Dept. of Health and Human Services. On the other hand, it has increased the amount provided to the Department of Commerce which is responsible for job training programs. This has resulted in the lowest rate of Union membership in the country.

Economic Climate

The strong and diverse economy of North Carolina is influenced by the high rate of employment, the booming real estate market scenario, the top credit rating status and the economic development strategy of the State. The unemployment rate is relatively low and the AAA credit rating from major credit rating agencies is a major plus as well.


Besides the factors mentioned above, there are a host of other factors as well that contributes to the success and consistency of North Carolina as one of the best states for doing business in America. Many of the elements are subjective and immeasurable making it difficult to put a quantitative ranking on them. But considering the overall scenario, North Carolina has succeeded in attracting businesses just like robust economies such as New York and California.

If you’re looking to buy a business in North Carolina, sell a business in North Carolina or just speak more with one of our experienced team members based in North Carolina, please go to our contact page and reach out. We also specialize in business valuations in North Carolina as a result of our deep involvement in the state.

About A Neumann & Associates, LLC

A Neumann & Associates, LLC is a professional mergers & acquisitions and business brokerage firm having assisted business owners and buyers in the business valuation and business transfer process through its affiliations for the past 30 years. With an A+ Better Business Bureau rating, the company has senior trusted professionals with a deep knowledge based in multiple field offices along the East Coast and has performed hundreds of business valuations in its history. The firm’s competitive transaction fees are based on successfully completing transactions. For more information, please contact A Neumann & Associates at 732-872-6777 or

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Client Testimonials

“I had been in touch with Karin and Gary from A Neumann & Associates regarding some opportunities and was looking forward to meeting with them. Hence, when they organized a seminar in Princeton, NJ, I was quick to sign up. The seminar was very informative as the team walked the attendees through various scenarios and referenced real life buying/selling situations they had been through. The sessions by Gary, Karin and Achim were crisp and focused and brought clarity to potential seller and buyers. I strongly recommend the team and look forward to continue working with them.”

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“Thank you for your Event on "How to value, Sell, and Buy A Business for Maximum Profit" and the insight into ANA’s approach on what is involved in the Business Exit for sellers. Garys Hervieiou's "Business Valuation", Achim's "Deal structure" presentation and Karin’s "Preparing the Package" are real street knowledge shared. They answered attendees questions which makes it more interesting for learning from others. Great for small businesses like us. The presentations were totally worth our time and travel for the event to Princeton, NJ from Rockville MD. Ravi Bhutani, President, CIPS”

Ravi Bhutani

“Gary, this is to thank you for an excellent job done in selling our business. We could never have done it without your professional expertise, dedication and time put in without reservation to make it happen. We will gladly and highly recommend you to anybody in our position.  It was a pleasure to work with you.”

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“I recently contacted A. Neumann and Associates about getting a valuation of my business done. I spoke with Marc, who explained the process in detail. After meeting with Marc in order to get a clear understanding of my business, and what I was hoping to accomplish. His patience in answering all my questions and his knowledge of the proper way to market my business gave me great confidence that this is the firm I will be using to sell my business for max value. Working with Marc at A Neumann & Associates was very easy and professional. I did not know all that was going to be involved in selling my business but they helped me through the process. What I thought was going to be a just another one of those pushy sales companies was just the opposite. Polite, knowledgeable, and a pleasure to talk to and deal with. I highly recommend this firm to anybody who wants to sell now or down the road. Marc not only knows his stuff, but actually is a real nice guy.”

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Srini Mudambi

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Colby Harris, Co-Owner, Del Mar Designs

“Claus Madsen thoroughly helped us with selling our company. From the 1st introductory meeting explaining to us what was possible, to providing us with resources to assist with the sale. Claus was invaluable throughout the whole sales process. Claus was with us every step of the journey and always made himself available for any questions or issues that came up along the way. If you are interested in selling your business, I encourage you to reach out to Claus and the ANA team so that they can let you know what’s achievable. These guys will make it happen!”

Ron Harris, Co-Owner and Vice President, Del Mar Designs
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