North Carolina has seen a surge in new business openings over the past two years. | Krisztina Papp/Unsplash
North Carolina has seen a surge in new business openings over the past two years. | Krisztina Papp/Unsplash
If the number of start-ups is a fair indicator of economic health, business has been booming in North Carolina for the past 18 months.
North Carolina Secretary of State, Elaine Marshall, reports that from Jan. 1 to June 30, about 93,000 new businesses were started in the state, according to a report by WRAL TechWire. During that same timeframe in 2021, a record 96,000 businesses were formed in the state, and that number grew to 178,300 new businesses by year’s end.
“While we have seen a slight moderation to the blistering pace we set last year, entrepreneurs over the last 18 months continue to create new businesses at a torrid pace,” Marshall said in a statement. “These are tens of thousands of dreams becoming a reality each month, and jobs in their communities.”
Small Business Administrator, Isabella Guzman, said the surge in new businesses is “pretty incredible.”
“That’s really remarkable, and it’s reflective of the great support that you have for small businesses and innovative startups,” Guzman told WRAL in May.
Start-ups can be a measure of the North Carolina’s economic health as small businesses spur the state’s economy, Marshall said.
New businesses also increase the vitality of local communities across the state, Marshall added.
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