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State of Small Business and Entrepreneurship in North Carolina

SBTDC annual report on small business
Categories: Grow Your Business

The Small Business and Technology Development Center (SBTDC) publishes an annual report on the state of small business in North Carolina. This is definitely worth a read for any current or aspiring entrepreneur.

Here are just 5 of the highlights from the compelling data they collected:

  • SBA (US Small Business Administration) lending topped more than $579 million in North Carolina in 2015
  • Small businesses make up nearly 98% of all businesses in the state and employ 1.6 million people
  • Nearly 53% of North Carolina businesses are owned by men, and just over 10% are veteran owned
  • Forbes recognized the state as the #2 Best State for Business in 2015
  • There’s been consistent job growth since 2009

Download the whole report from the SBTDC website.

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