Stanly

Located just 45 miles northeast of Charlotte, Stanly County is at the forefront in offering business incentives, labor and a friendly environment for economic development. A low tax rate and strong economic aid packages that include low interest rates for renovations and equipment as well as tax credits for newly created jobs make the county very attractive for expansion, as do the abundance of affordable greenfield and industrial sites. The result is a diverse group of companies that call Stanly County home, from Michelin Aircraft Tire Co. to S.T. Motorsports.   The county also boasts a large available workforce, with a virtually non-existent unionization rate.


Taxes and Incentives
     Corporate Income Tax

  Corporate Income Tax
North Carolina 6.90%
Source: NC ESC, SC ECS

     Personal Income Tax

  Personal Income Tax
North Carolina 6% on 1st $12,750
7% on next $47,250
7.75% on next $60,000
8.25% on next $120,000
Source: NC ESC, SC ECS

     Sales Tax

  Sales Tax - State Sales Tax - County
North Carolina 4.50% 2.5-3.0%
Source: NC ESC, SC ECS

     Unemployment Insurance

  Unemployment Insurance Base Avg Rate Existing Employees Avg Rate New Employees Max Weekly Benefits
North Carolina $15,900 0.40% 1.20% $688
Source: NC ESC, SC ECS

     Worker's Compensation

  Workers Comp Avg Cost - Manufacturing Workers Comp Avg Cost - Office (2002) Workers Comp Max Weekly Benefit Days Waiting Period
North Carolina $2.48 0.39% $674 7
Source: NC ESC, SC ECS