Section 03: NC Tech Industry
Economic Impact
The industry also contributes heavily to North Carolina’s tax revenue, exports, and gross domestic product (GDP)
The tech industry accounts for about 10% of taxes paid within the state. In 2024, the tech industry contributed more than 12% ($99 billion) to GDP.
North Carolina Technology Economic Contributions, 2024
| Indicator | Technology Industry | State Total | State Total Percentage |
|---|---|---|---|
|
Taxes Paid (millions) |
$4,471 |
$46,996 |
9.5% |
|
Exports (millions) |
$55,601 |
$732,540 |
7.6% |
|
GSP (millions) |
$98,515 |
$811,099 |
12.1% |
Source: EL estimates based on Lightcast 2025.4
The presence of the tech industry also helps generate activity in other sectors of the economy
In 2024, North Carolina’s tech sector had a job multiplier of 3.24, meaning that for every job created in the tech sector, more than two additional jobs were created or supported elsewhere in the economy. This was the #4 highest job multiplier in North Carolina. Accounting for these multiplier effects increases the tech sector’s overall employment impact from 7% to 22%. In 2024, an estimated 736,480 workers in North Carolina were directly or indirectly supported by the tech industry.
North Carolina Job Multiplier by Industry, 2024
