Almost 85 percent of employer businesses in North Carolina have fewer than 20 employees, accounting for 23 percent of all employment within the state.
Carolina Small Business has funded 1,029 loans, totaling $69.2 million, which have in turn helped create or retain 4,497 jobs in the region.
We know this work is vital because our research shows, empirically and objectively, the importance of small businesses.
What that Means for NC
Small “Main Street” businesses—shops, restaurants, service providers, and others—are the economic engines of healthy communities.
They create entrepreneurial networks, improve local quality of life, and revitalize distressed communities.
Neighborhoods with robust small firm ecosystems create a business environment that is desired and sought out by larger companies.