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In a move aimed at promoting economic growth and increasing business opportunities in the state, North Carolina lawmakers passed new corporate laws on May 12, 2026. The legislation, known as the Corporate Growth and Innovation Act, includes several key provisions designed to streamline the process for starting and operating businesses in North Carolina.One of the key components of the new law is the creation of a statewide business registration system that will allow entrepreneurs to easily register their businesses online. This new system is designed to reduce the time and paperwork required to start a business in North Carolina, making it more attractive for entrepreneurs to establish and grow their businesses in the state.In addition to the new registration system, the Corporate Growth and Innovation Act also includes provisions to encourage businesses to invest in innovation and technology. Under the new law, businesses that invest in research and development or technology upgrades will be eligible for tax incentives and other benefits to help offset the costs of these investments.Another important aspect of the new legislation is the establishment of a corporate ombudsman office, which will serve as a resource for businesses seeking assistance with regulatory compliance or other issues. The ombudsman office will work with businesses to navigate the complexities of state regulations and provide guidance on how to comply with the law while growing their businesses.Overall, the Corporate Growth and Innovation Act is seen as a positive step forward for North Carolina businesses, providing them with the tools and support they need to thrive in an increasingly competitive market. Lawmakers hope that these new laws will encourage more businesses to invest in North Carolina, leading to job creation and economic growth across the state.