North Carolina's Thriving Economy Celebrated by NCICU as Top State for Business

NCICU Applauds North Carolina's #1 Business Ranking



In a recent announcement, North Carolina Independent Colleges and Universities (NCICU) expressed their heartfelt congratulations to the state's leaders for achieving the prestigious title of being the #1 state for business in the nation, as recognized by CNBC. This accolade is not just a badge of honor; it underscores the pivotal role that educational institutions play in shaping a skilled workforce, vital for economic growth. NCICU's President, Dr. A. Hope Williams, emphasized, "This recognition showcases the power of education and collaboration among various stakeholders. Our independent colleges and universities are committed to working alongside the General Assembly and state leaders to produce graduates who are equipped to propel our economy forward."

The Contribution of Independent Colleges



The impact of NCICU's member colleges on North Carolina's economic and educational landscape is significant. The organization represents 36 private, nonprofit colleges and universities statewide, which together enroll more than 83,000 students from diverse backgrounds. These institutions are not only centers of learning but also key players in driving innovation and talent within the state.

The contribution of NCICU campuses to North Carolina's success can be illustrated through several statistics:

1. Workforce Talent


NCICU institutions grant nearly one in four bachelor's degrees and about one in three graduate and professional degrees awarded in the state. This means a substantial proportion of the educated workforce comes from private colleges.

2. Advanced Professional Degrees


A remarkable share of advanced degrees originates from NCICU institutions, specifically:
  • - 60% of medical degrees
  • - 65% of law degrees
  • - 89% of physician's assistant degrees
  • - 56% of pharmacy degrees
These figures highlight NCICU's vital role in producing professionals who meet the healthcare, legal, and educational needs of the state.

3. Economic Impact


The economic contribution of North Carolina's private colleges and universities is monumental, generating approximately $14.2 billion annually. Moreover, they collectively provide employment to over 66,000 people, reinforcing their status as one of the state's most significant sectors.

Strengthening Partnerships for Future Growth


As North Carolina enjoys its top ranking, NCICU is eager to maintain its collaborative relationships with policymakers. Continued partnership is essential for fostering educational initiatives and community development. By uniting their efforts, legislators, independent colleges, and public education systems can create an environment ripe for continual growth and opportunity.

The recent accolade serves as a powerful reminder of what can be achieved through robust public-private partnerships. Teamwork between educational institutions and governmental authorities can result in enhanced educational opportunities and broader economic development across all regions of North Carolina.

About NCICU


Founded as the statewide office representing private, nonprofit, liberal arts, and research colleges and universities, NCICU is dedicated to advocating for independent higher education in North Carolina. The organization focuses on various initiatives, including public policy, fundraising for scholarships, and information dissemination about private institution benefits. The collective goals of NCICU are reflected in their commitment to enhancing educational access and overall success for students statewide.

In conclusion, the partnership between NCICU institutions and state leaders illustrates the positive impact of education on economic vitality. Together, they can ensure that North Carolina remains a leading state for business and an exemplar of success in higher education.

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