Businesses in North Carolina: 258,169 workplaces across four regions, and the companies that lead them

North Carolina isn't one business market but four: Charlotte's banks and industrial headquarters, the Triangle's research and life sciences, the Triad's logistics and manufacturing, and a long tail of mountain and coastal towns. Treating it as one state-sized list is the most common mistake sellers make here.

Market report7 min readPublished

North Carolina had 258,169 business establishments with paid employees in 2023, eighth among states, employing 4,279,425 people, according to the Census Bureau; Mecklenburg and Wake counties together had 27.2% of them. The top companies headquartered in North Carolina, by revenue in their latest 10-Ks, are Bank of America ($113.10 billion), Lowe's ($86.29 billion), Honeywell ($37.44 billion), Nucor ($32.49 billion) and Duke Energy ($32.24 billion).

  • North Carolina had 258,169 establishments and 4,279,425 employees in 2023, 3.09% of the US total.
  • Mecklenburg (36,472) and Wake (33,873) are almost tied for establishments; Durham has the biggest workplaces, at 27.7 employees each.
  • The Triangle is home to IQVIA, First Citizens, Advance Auto Parts and Martin Marietta; the Triad to Labcorp and Old Dominion.
  • Manufacturing sites average 54.5 employees, more than three times the state's 16.6 average.
  • The state counted 78 pharmaceutical manufacturing sites employing 24,370 people in 2023.
On this page

This page is for anyone who needs North Carolina businesses: people looking for employers or suppliers, researchers, and B2B sellers who have to decide where in the state to spend their time. It covers the count, the regions and sectors, the headquarters in each region, the official places to check a business, and a worked example in the state's fastest-growing manufacturing niche.

How many businesses are in North Carolina

From the Census Bureau's County Business Patterns (CBP), which counts business locations with paid employees across all sectors:

MeasureNorth Carolina, 2023
Establishments258,169
Employees4,279,425
Annual payroll$259,727,478,000
Average employees per establishment16.6
Average annual pay$60,692
Share of US establishments3.09% (of 8,361,342)
Rank among states by establishments8
Employees at the establishmentEstablishments
1 to 4139,620
5 to 946,075
10 to 1932,932
20 to 4925,346
50 to 998,211
100 to 2494,151
250 to 4991,142
500 to 999415
1,000 or more277

In bands: 218,627 establishments with 1 to 19 employees, 33,557 with 20 to 99 and 5,985 with 100 or more. A company with many branches counts once per location, the self-employed aren't included, and employment is for the pay period including March 12, 2023.

Where the businesses are

CountyMain cityEstablishmentsEmployeesEmployees per site
MecklenburgCharlotte36,472732,41820.1
WakeRaleigh33,873556,25016.4
GuilfordGreensboro14,306265,51718.6
BuncombeAsheville9,863127,40912.9
ForsythWinston-Salem9,141190,15720.8
New HanoverWilmington8,710121,38913.9
DurhamDurham8,282229,49727.7
CumberlandFayetteville5,94798,14216.5
UnionMonroe5,73266,08211.5
IredellStatesville, Mooresville5,40580,23414.8

The top ten hold 53.3% of the state's establishments, so nearly half are spread across the other 90 counties. Durham has fewer establishments than its neighbors but the largest workplaces, at 27.7 employees each, while Buncombe (12.9) and New Hanover (13.9) run small. For city detail, see companies in Charlotte and companies in Raleigh.

What North Carolina businesses do

Sector (NAICS)EstablishmentsEmployeesAverage pay
Retail trade (44 to 45)35,534535,341$34,297
Construction (23)28,390249,407$68,533
Professional, scientific and technical services (54)28,189316,460$89,740
Health care and social assistance (62)27,809641,503$61,238
Accommodation and food services (72)24,293477,208$22,867
Finance and insurance (52)13,591221,722$115,203
Manufacturing (31 to 33)8,664472,162$63,742
Management of companies (55)1,697131,584$113,577

Average pay is our calculation from CBP payroll. Construction is the second-largest sector by establishments, ahead of health care. The Census Bureau flags the finance and insurance employment figure as moderately affected by the noise it adds for confidentiality.

Three specialties stand out in the detailed codes. Banks and other depository institutions had 3,198 sites and 101,300 employees. Scientific research and development services had 848 establishments with 46,785 employees. And pharmaceutical and medicine manufacturing had 78 plants with 24,370 employees, 40 of them with 50 or more people.

Top companies headquartered in North Carolina, by region

The 20 largest SEC-listed companies whose latest 10-K gives a North Carolina principal executive office, by revenue in that filing:

RankCompanyHeadquartersRegionRevenueEmployees
1Bank of AmericaCharlotteCharlotte$113.10 billionabout 213,000
2Lowe'sMooresvilleCharlotte$86.29 billionabout 276,000 incl. part-time
3HoneywellCharlotteCharlotte$37.44 billionabout 101,000
4NucorCharlotteCharlotte$32.49 billionabout 33,000
5Duke EnergyCharlotteCharlotte$32.24 billion26,441
6Truist FinancialCharlotteCharlotte$20.32 billion38,711
7IQVIADurhamTriangle$16.31 billionabout 93,000
8Sonic AutomotiveCharlotteCharlotte$15.15 billionabout 11,000
9LabcorpBurlingtonTriad$13.95 billionnearly 71,000
10First Citizens BancSharesRaleighTriangle$9.54 billion18,141
11Advance Auto PartsRaleighTriangle$8.60 billionabout 54,000 incl. part-time
12Ingersoll RandDavidsonCharlotte$7.65 billionover 21,000
13Coca-Cola ConsolidatedCharlotteCharlotte$7.23 billionabout 17,000
14Brighthouse FinancialCharlotteCharlotte$6.77 billionabout 1,400
15Martin Marietta MaterialsRaleighTriangle$6.15 billionabout 9,600
16RXOCharlotteCharlotte$5.74 billion9,218 incl. temporary
17Old Dominion Freight LineThomasvilleTriad$5.50 billion20,591
18Ingles MarketsBlack MountainMountains$5.33 billionabout 25,551
19AlbemarleCharlotteCharlotte$5.14 billionabout 7,800
20Dentsply SironaCharlotteCharlotte$3.68 billionabout 14,000

Bank of America's and Truist's figures are total revenue net of interest expense, First Citizens' is total revenue, and Duke Energy's is total operating revenues. Lowe's fiscal year ended January 30, 2026, Advance Auto Parts' January 3, 2026 and Ingles' September 27, 2025; the rest ended in December 2025. Lowe's reports 167,000 full-time and 109,000 part-time associates; Advance Auto Parts, 28,274 full-time and 25,733 part-time.

Thirteen of the 20 are in the Charlotte region, which is why most "top companies in North Carolina" lists read like a Charlotte list. Outside it, the Triangle and the Triad have their own headquarters, including Labcorp and Old Dominion, two large employers that sellers often miss. The Economic Development Partnership of North Carolina counts 11 Fortune 500 headquarters in the state, citing Fortune's 2026 list.

How to look up a North Carolina business

SourceWhat it's good for
NC Secretary of State business entity searchRegistration, status, registered agent and filings for corporations and LLCs
NC Commerce largest employersThe largest employers in any county or statewide, by quarter, from unemployment insurance records
Economic Development Partnership of NCHeadquarters announcements and the state's pitch to relocating companies
Research Triangle Regional PartnershipInvestment news and data for the 14-county Triangle region
SEC EDGAR, North Carolina filers10-Ks for the state's public companies

The Commerce Department's tool is the one to know: pick a county or the state and a quarter, and it lists the largest employers there from the reports employers file for unemployment insurance.

Prospecting North Carolina's life sciences plants

Big new plants generate years of purchases: equipment qualification, calibration, cleanroom services, staffing and maintenance. The Research Triangle Regional Partnership reported in October 2024 that Johnson & Johnson would invest more than $2 billion in a biologics manufacturing site in Wilson, with about 420 jobs, and its newsroom lists further biomanufacturing investments by Fujifilm Diosynth and Genentech in Holly Springs.

Illustrative example. The company, rates and results are fictional, to show the method.

Piedmont Calibration (piedmontcal.example) calibrates laboratory and production instruments under pharmaceutical quality rules.

  • Pharmaceutical manufacturing sites with 50 or more employees: 10 + 11 + 5 + 7 + 7 = 40.
  • Scientific research and development sites with 20 or more: 84 + 42 + 33 + 23 + 6 + 8 = 196.
  • It assumes 70% are within a two-hour drive of its Durham base: about 165 sites.
  • Converting 8% in the first year would mean about 13 service contracts.

It targets quality assurance and metrology managers, who own calibration schedules, and times outreach for a plant's construction-to-qualification phase. Finding which of 165 sites are mid-build or newly validating takes research on each; Bebop can search for "pharmaceutical manufacturing sites in North Carolina that announced expansions since 2024" and explain why each fits.

Email to a QA or metrology manager at a North Carolina plant
Subject: Calibration for [site] before qualification

Hi [first name],

With [Company]'s [Holly Springs / Wilson / RTP] expansion moving toward qualification, calibration schedules usually become the bottleneck nobody budgeted for.

We calibrate lab and production instruments on site across the Triangle, with documentation formatted for your quality system. Could we quote the instruments on your first qualification list?

[Your name], Piedmont Calibration

Next step: see the state's factory base in manufacturing companies in North Carolina.

Sources

Written by the Bebop team at Blackpearl Group. Published .

Questions people ask

How many businesses are in North Carolina?

The Census Bureau counted 258,169 business establishments with paid employees in North Carolina in 2023, eighth among states, employing 4,279,425 people with $259.7 billion in payroll. Mecklenburg County had 36,472 and Wake County 33,873. The figures count locations, not companies, and leave out self-employed people and businesses without employees, so the number of registered businesses is much higher.

What are the biggest companies in North Carolina?

By revenue in their latest 10-K filings, the largest companies headquartered in North Carolina are Bank of America ($113.10 billion in 2025), Lowe's ($86.29 billion), Honeywell ($37.44 billion), Nucor ($32.49 billion) and Duke Energy ($32.24 billion), all in the Charlotte region. Truist, IQVIA of Durham, Sonic Automotive, Labcorp of Burlington and First Citizens of Raleigh complete the top ten.

How many Fortune 500 companies are in North Carolina?

The Economic Development Partnership of North Carolina says the state has 11 Fortune 500 headquarters, citing Fortune's 2026 list, and names Bank of America, Lowe's, Honeywell and Truist among them. Most are in the Charlotte region. Check Fortune's own site for the full list and ranks, which depend on its revenue definitions and fiscal-year timing.

How do I look up a business in North Carolina?

Use the North Carolina Secretary of State's business entity search to see a corporation's or LLC's registration, status, registered agent and filings. For the largest employers in a county, use the NC Department of Commerce's Largest Employers tool, which draws on unemployment insurance records each quarter. Public companies' annual reports are on SEC EDGAR.

Which North Carolina county has the most businesses?

Mecklenburg County, home to Charlotte, with 36,472 establishments and 732,418 employees in 2023. Wake County, home to Raleigh, is close behind with 33,873 establishments and 556,250 employees. Guilford County (Greensboro) is third with 14,306. Durham County has fewer establishments, 8,282, but the largest average workplace among big counties, at 27.7 employees.

Find the North Carolina companies that buy what you sell

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