Fri. May 20th, 2022
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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:

North Carolina is a hot bed of folks eager and willing to make their own way no matter what the pandemic throws their way. This is the second year in a row that many of our friends and neighbors have shown they have the drive and determination to start their own business, and that is a huge boost to our state and local economies. Very clearly, North Carolina is a place where people want to do business, and we are doing everything we can to help them turn their dreams into dollars in their pockets.”

Elaine Marshall, NC Secretary of State

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.

new business creation

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.

Marshall explains:

Our goal is for businesses to get up and running as soon as possible and to give them every opportunity to be successful. These technology advances have made it easier for businesses and have allowed the agency to keep up with the torrid pace of filings.”

Elanie Marshall

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.

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