New Business Growth Soaring at Record Rate in NC Despite Pandemic

New Business Growth Soaring at Record Rate in NC Despite Pandemic

WRAL TechWire

March 2, 2021

More than 170,000 companies will be launched in North Carolina by the end of this year, according to projections from the NC Office of the Secretary of State. The number dramatically exceeds the 127,000 new businesses created in the state in 2020 and the 100,000 launched in 2019. Commerce Secretary Machelle Sanders calls startups crucial to the state’s economy. “Innovation and new ideas are the rocket fuel of the North Carolina economy,” Sanders says. “We must welcome everyone to contribute and then act with deliberate intention to nurture and support those ideas, especially those high-impact companies that solve global issues.”

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