Discover the main industries and economic drivers in Winston-Salem. From manufacturing and healthcare to education and finance, learn about the key sectors shaping the city's economy.
The main industries and economic drivers in Winston-Salem include healthcare and medical research, education, finance and banking, manufacturing, retail, and technology. The city is home to renowned healthcare systems and medical centers, such as Wake Forest Baptist Health and Novant Health. Winston-Salem is also known for its higher education institutions, including Wake Forest University and Winston-Salem State University. The finance and banking sector is significant, with institutions like BB&T (now Truist) having a presence in the area. Manufacturing, particularly in the tobacco and furniture industries, has historically been important, although the city has diversified its manufacturing base in recent years. Retail is another significant economic driver, with shopping centers and malls attracting both local and regional visitors. Additionally, the technology sector is growing with the presence of companies focused on innovation and software development in Winston-Salem.