North Carolina smashed all new business creation records in 2021. Entrepreneurs across our state proved that even a worldwide pandemic will not hold down residents of the Tarheel State.
According to a recent press release by North Carolina Secretary of State Elaine Marshall, new business creation filings by 40%. That equates to178,300 new businesses in NC.
That number is huge, especially when compared to 2020. That’s because 2020 held the previous business creation record. During that year, 127,000 new companies filed with the North Carolina Secretary of State’s Business Registration Division.
Marshall said this about these record-shattering results:
These statistics are certainly impressive. That’s because the state more than doubled the number of new entrepreneurs registering with the Secretary of State just four years earlier. 2017 reported only about 84,000 new business creations. Year over year improvement hints that we are building a resilient, diverse, and stable workforce in our state.
The Technology That Makes It Easy for New Business Creation in North Carolina
Marshall points out that her department developed a Web Wizard. This tool helps new business creation by empowering hopeful entrepreneurs to complete their forms without errors. Thus, they greatly reduce the time waiting to breathe life into their ideas.
The Secretary of State also had good news for women-owned and minority-owned businesses. Marshall reported that women, minorities, and younger people are taking the plunge into business ownership, as well.