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In colonial times North Carolina was valued for its naval stores -- among them the pitch that was applied to ship bottoms to retard rot and infestation. Furniture was also a product for which the state was noted, probably for the same reason. It still is today. Tobacco is another product that has been a long term staple in the North Carolina economy. These days, the biotech industry has become a significant player in the North Carolina economy, probably due to the research and development climate fostered by their universities.

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