North Carolina's economy is thriving, as the Tar Heel State has emerged as a premier destination for businesses, attracting significant investments and creating thousands of jobs. With a strong emphasis on advanced manufacturing, North Carolina is home to leading sectors such as aerospace, automotive, biotechnology, and information technology. The state's commitment to innovation is evident in regions like the Research Triangle Park, where high-tech companies and research institutions flourish. CNBC has named North Carolina as America’s Top State for Business. North Carolina ranked #1 in workforce and highly in the economy, technology and innovation, and access to capital categories. North Carolina ranks 11th in economy size among states and Washington, DC.

North Carolina businesses have access to a wide range of grant opportunities, for various industries and business types. At American Funding Group, we help businesses across all sectors navigate the grant application process. Here are some examples of businesses that can qualify for grants:

Construction Firms: Construction activity accounts for $28.7 billion, or 4.38%, of North Carolina's gross domestic product (GDP) of $655 billion. By leveraging construction business grant opportunities, construction businesses in North Carolina can address challenges, drive innovation, and contribute to the state's economic growth and development.

Trucking and Logistics Businesses: From 2022 to 2050, freight moved by trucks in North Carolina is expected to increase 64% by weight and 97% by value, outpacing national growth rates. With an industry size of $2.4 Billion, trucking businesses in North Carolina are encouraged to apply for specialized business grants; funding can provide essential financial support for operations, equipment upgrades, and technology improvements, helping to offset costs for new trucks, eco-friendly practices, and enhanced safety measures.

Restaurants: North Carolina is home to 23,471 restaurant locations, accounting for over 500,000 jobs - 11% of all jobs in the state. Business grants for North Carolina restaurant owners can be used for purchasing kitchen equipment, hiring and training staff, improving dining spaces, or implementing health and safety measures.

Cleaning and Janitorial Businesses: According to IBISWorld, the janitorial industry in North Carolina is valued at $2.6 Billion. The janitorial industry, employing over 72,000 people in North Carolina, is predominantly a small business industry, and as such, business grants can provide the necessary capital to invest in new equipment, expand their workforce, and adopt the latest cleaning technologies, including eco-friendly practices.

Startup: North Carolina's startup ecosystem is thriving, offering a robust environment for entrepreneurs and innovative businesses. The state boasts over 600 startup companies in Raleigh alone, spanning diverse sectors such as software, life sciences, consumer products, design-media, and the Internet of Things.

Childcare: Compared to the national average, North Carolina has one of the highest rates of working mothers with young children; thus, making the need for child care one of the state's top priorities. Over 200,000 children spend part or all of their day in regulated child care arrangements. If you own or operate a childcare facility in North Carolina, a business grant could help with marketing, facility improvements, staff training, curriculum development, purchasing equipment or educational materials, and more.

Nonprofit organizations: The IRS lists 58,817 active tax-exempt organizations operating in North Carolina. North Carolina has a variety of grant opportunities for nonprofit organizations across different sectors. Nonprofit organizations can use nonprofit grants to fund operational expenses, implement new programs or services, upgrade equipment and facilities, hire staff, conduct research, or expand their reach and impact within their communities.