previously known as The Support Center We publish how we define outcomes to demonstrate our commitment to accountability. (Source: SUSB) • Firms with fewerthan 100 employees have the largest share of small business employment. ). Phone: 704-344-6563. Sometimes a hobby can become a business. Our work is shaped by evidence-based and apolitical research highlighting why small businesses are the foundation of economic development. These and truck accessories are sold from 51 factory outlets in and around North Carolina. Carolina Small Business Development Fund is an Equal Opportunity Lender, Provider and Employer. If you're expanding your business or moving to North Carolina, or making changes to your business, check this website for the business registration, licensing, tax and employee implications. We are dream catchers. Discrimination is prohibited by Federal Law. North Carolina Small Business Profile, 2016 137 SBA Office of Advocacy NORTH CAROLINA 843,724 Small Businesses 1.6 million Small Business Employees 97.9% of North Carolina Businesses 46.0% of North Carolina Employees EMPLOYMENT 24,617 net new jobs1 DIVERSITY 39.2% increase in minority Minimum state requirements are to pay sales and income taxes. In the process, it helps high-tech businesses attract more funding to the state―keeping home-grown technologies in North Carolina and creating more well-paying jobs. Economic Development Partnership of North Carolina, Customized Training Program for N.C. Business and Industry. 0 1M 2M 3M 2000 2005 2010 2015 • North Carolina small businesses employed 1.7 million people, or 45.3% of the private workforce, in 2017. Read more about 2012 North Carolina Small Business Person of the Year; Leonard USA is creating jobs in rural Surry County where unemployment was as high as 13% in recent years. Carolina Small Business Development Fund creates economic opportunities across North Carolina. The BLNC team offers one-on-one phone consultations to people interested in starting a business, small business owners in need of general support, and entrepreneurs interested in moving to North Carolina. Need to map out your strategy? 3128 Highwoods Blvd., Suite 170, Raleigh, NC 27604 Learn about our programs and initiatives to help small businesses during the COVID-19 pandemic. All Rights Reserved. Nuestra misión es proporcionar servicios de préstamos, asistencia técnica y herramientas de gestión empresarial a los empresarios hispanos y la comunidad latina en Carolina del Norte; en especial a aquellos que están social o económicamente en desventaja o desatendidos. But starting and maintaining a successful small business isn’t easy. Figure 1: North Carolina Employment by Business Size (Employees) fewer than 20 20 to 99 100 to 499 more than 500. North Carolina District Office. All staff are available by email and phone. Carolina Small Business values openness about how we measure our impacts. 2020 North Carolina Small Business Person of... 2020 Southeast Region Young Entrepreneur of... 2020 National Veterans Business Outreach... About the office. To request a copy of the form, call (866) 632-9992. The North Carolina Department of Administration has launched a new grant program, RETOOLNC, to help North Carolina Historically Underutilized Businesses (HUB) and Disadvantaged Business Enterprise (DBE) firms impacted by COVID-19. (919) 803-1437. We support communities by helping entrepreneurs build the businesses of their dreams. How can we make this page better for you? 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. Figure 1 provides further details on firms with employees. Starting and managing a small business in North Carolina is not an easy task. Employee withholding, are they employees or contractors? Wondering if you have a viable idea for a business? Copyright © 2020 Carolina Small Business Development Fund. Additional resources for small businesses impacted by the pandemic are available through the NC Department of Commerce. We support communities by helping entrepreneurs build the businesses … In addition, be aware that the state community college system has an excellent Customized Training Program for N.C. Business and Industry. If you have to ask the question, then you probably are. Equal Opportunity Lender, Provider and Employer. Carolina Small Business Development Fund creates economic opportunities across North Carolina. Within a complex small business landscape, we provide the tools and guidance that allow entrepreneurs to achieve their dreams. • North Carolina small businesses employed 1.7 million people, or 44.1% of the private workforce, in 2016. We're here to help you get your business off the ground. Over $124,323,000,000.00 US dollars are paid to employee salaries/payroll alone in the state of North Carolina and more than 27,704 businesses declare bankruptcy every single year. We're passionate about helping others realize their dreams. We’re proud to work with multiple public sector partners to help provide direct aid to the state’s small business community: If you’re a current borrower, contact our staff for help with a loan deferral or modification. Business assistance is available from many sources. To file a program discrimination complaint, complete the USDA Program Discrimination Complaint Form, AD-3027, found online at http://www.ascr.usda.gov/complaint_filing_cust.html and at any USDA office or write a letter addressed to USDA and provide in the letter all of the information requested in the form. Then visit the Economic Development Partnership of North Carolina for: One-on-one assistance for expansion or relocation; Location tools and data Please note that if your loan is guaranteed through the Small Business Administration, it has been automatically deferred and no further action is needed on your part. CSBDF is committed to demonstrating how important it is to for the public sector to support small businesses during the pandemic. We estimate 141,877 smaller businesses and 1.38 million jobs across the state are in high-risk industry sectors like food service and retail. Total loans for new and existing businesses. But its only possible with your support. Locate contact information for state agencies, employees, hotlines, local offices, and more. As the pandemic continues, we’re updating our resources page with new information to help small businesses, development practitioners, and policymakers. One-on-one assistance for expansion or relocation, You start to charge for that barbecue sauce that you make for your friends, You buy and sell items at the flea market (a single yard sale is not a business. (Source: SUSB) • Firms with 20 to 99 employees have the largest share of Well, below are the top 20 small business investment opportunities in North Carolina, USA to help you get started. Assessing the Economic Impacts of COVID-19: Our analysis highlights the extent of the impact on small (employing 1-19) and medium-sized (employing 20-99) businesses in North Carolina. Our business resource specialists can get your business off to a good start. CSBDF offices are currently closed to the public to comply with NC's Phase 3 reopening guidelines. Yet, beginning a small business can be a challenging process. Resources and updates for small businesses, entrepreneurs, and community economic development practitioners affected by the COVID-19 pandemic. Our research and policy analysis program has produced reports and briefs that highlight the critical need for Main Street assistance: Carolina Small Business Development Fund