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PROMOTING ECONOMIC DEVELOPMENT

Carolina Small Business supports development by providing access to affordable capital, offering training and guidance to entrepreneurs, and through research demonstrating how small firms are the cornerstone of regional economic growth.

THE NUMBERS.

Almost 85 percent of employer businesses in North Carolina have fewer than 20 employees, accounting for 23 percent of all employment within the state.

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CSBDF has provided $102.8 million in aid across 1,159 loans and 1,694 grants, saving thousands of jobs.

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We know this work is vital because our research shows, empirically and objectively, the importance of small businesses.

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WHAT THAT MEANS FOR NC.

Small “Main Street” businesses—shops, restaurants, service providers, and others—are the economic engines of healthy communities.

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They create entrepreneurial networks, improve local quality of life, and revitalize distressed communities.

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Neighborhoods with robust small firm ecosystems create a business environment that is desired and sought out by larger companies.

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REGIONS AT
A GLANCE

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Western

165 Loans/Grants

$10.1 Million

38 Jobs

Northwest

19 Loans/Grants

$1.2 Million

Piedmont Triad

219 Loans/Grants

$7.1 Million

170 Jobs

Southwest

798 Loans/Grants

$25.8 Million

2,170 Jobs

Sandhills

131 Loans/Grants

$8.4 Million

91 Jobs

North Central

1,206 Loans/Grants

$33.8 Million

1,730 Jobs

Southeast

156 Loans/Grants

$9.3 Million

107 Jobs

Northeast

146 Loans/Grants

$5.0 Million

89 Jobs

ANNUAL REPORT

Download our 2021-2022 Annual Report.

RESEARCH PUBLICATIONS

Our work is shaped by evidence-based and apolitical research highlighting why small businesses are the foundation of economic development.

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