North Carolina stands out as a leading hub for several key manufacturing sectors in the United States, including textiles, tobacco, and furniture production. The state is the nation's top producer of textiles, accounting for nearly 25% of all U.S. textile manufacturing employment and exporting $1.4 billion in textile goods annually, which represents about 20% of total U.S. textile exports. It also ranks first in tobacco production, yielding around 260 million pounds in 2023. While North Carolina has a robust furniture industry—home to the world's largest furnishings trade show in High Point and known as the "Furniture Capital of the World"—it faces competition from global shifts, though it remains a significant player with a focus on innovation and sustainability. Brick manufacturing is active in the state with companies like Triangle Brick and Statesville Brick contributing to regional output, but North Carolina is not the top national producer, trailing states like Texas and Tennessee. Tourism plays a dominant role in North Carolina's economy, generating record-breaking revenue as the state's most lucrative sector. In 2024, domestic and international visitors spent over $36.7 billion on trips to and within the state, marking a 3.1% increase from the previous year and supporting its position as the fifth most-visited state in the U.S. This spending underscores the appeal of North Carolina's diverse attractions, from coastal beaches to mountain landscapes. Recreational opportunities abound year-round, drawing outdoor enthusiasts with activities such as golfing on world-class courses, skiing at Appalachian resorts, freshwater and saltwater fishing in abundant rivers and coastal waters, and hunting in varied terrains. These pursuits not only boost tourism but also highlight the state's natural resources, including amusement parks, wineries, and sports venues. Small businesses form the backbone of North Carolina's entrepreneurial landscape, with an estimated 981,142 firms operating statewide as of recent data, where 99.4% qualify as small businesses. Among these, approximately 388,000 are owned by women, reflecting strong female participation in the sector and contributing to the state's vibrant economy.
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