Carolina Small Business supports development by providing access to affordable capital, offering training and guidance to entrepreneurs, and through research demonstrating how small firms are the cornerstone of regional economic growth.
Almost 85 percent of employer businesses in North Carolina have fewer than 20 employees. Those businesses account for 23 percent of all employment within the state.
Since 2010, Carolina Small Business has funded 700 loans, totaling $57.8 million, which have in turn helped create or retain 2,574 jobs in communities across the state.
We're proud to serve current and aspiring entrepreneurs across the region with one-on-one coaching and a comprehensive workshop curricula. Thousands of North Carolinians have been helped by these services.
What that Means for NC
These “Main Street” businesses—shops, restaurants, service providers, and others—are the economic engines of healthy communities.
They provide employment opportunities, revitalize distressed neighborhoods, and create entrepreneurial social networks.
Research shows communities with robust small firm ecosystems create a business environment that is desired and sought out by larger companies.
Regions at a Glance
North West11 Loans$1.0 Million20 Jobs
Piedmont Triad52 Loans$4.0 Million142 Jobs
North Central241 Loans$17.6 Million991 Jobs
North East58 Loans$4.4 Million156 Jobs
South East65 Loans$6.4 Million261 Jobs
Sandhills45 Loans$5.6 Million196 Jobs
South West120 Loans$9.4 Million468 Jobs
Western108 Loans$9.4 Million340 Jobs
Our work is shaped by evidence-based research highlighting why small businesses are the foundation of economic development. These analyses help contribute to practitioner and scholarly dialogues on the importance of entrepreneurship for North Carolina's economy.
The mission of the Western Women’s Business Center is to provide capital, high quality technical assistance, and programs that reduce barriers and serve as a catalyst to the success of women entrepreneurs in Western North Carolina.