Our proximity to the Research Triangle Park and renowned universities has produced a spirit of innovation and learning in Cary. Plus, with our distinction as a top place to live and raise a family, Cary has become a magnet for top employees — creating an unrivaled workforce and low unemployment rate.
The pro-business environment in North Carolina translates to workers’ compensation legislation and insurance rates that are generally more fiscally responsible and cost employers less money than in other states, according to the National Council on Compensation Insurance. Included in the benefits to N.C. employers are the following:
- Self-insurance is permitted.
- Insurance rates lower than the standard industry rates are permitted for firms that qualify.
- The average unemployment tax rate for North Carolina employers is 0.4 percent, the lowest among the Southeastern states and among the lowest in the country.
North Carolina is a right-to-work state, with union membership rates among the nation’s lowest.