A Pro-Business Environment 

Thanks to low tax rates and competitive state and local incentive programs, businesses thrive here. North Carolina has the lowest corporate income tax rate in the nation at 2.5 percent, and Forsyth County boasts low tax rates as well. What really sets Winston-Salem apart is the way that its government agencies, businesses, organizations and community leaders work together to develop incentive programs. The result of this collaborative environment is better incentives that help both businesses and the community. Local incentive support is based on net new capital investment and job creation. Each project is reviewed on a case-by-case basis, but history has shown that our community is aggressive in pursuing the right deals. Greater Winston-Salem, Inc. coordinates all local incentive requests with City and County staff prior to taking the request to the public bodies.

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Facts & Rankings



Corporate Income Tax Rate, Lowest in the U.S.

(North Carolina) 


Most Affordable Downtown in the U.S.

(Winston-Salem) | MSN Money 2019


Corporate Tax Environment

(North Carolina) | Area Development 2019


Best Cities to Start a Small Business

(Winston-Salem) | ZenBusiness 2020

Want to learn more about doing business in Winston-Salem? Contact Us