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.
Almost 85 percent of employer businesses in North Carolina have fewer than 20 employees, accounting for 23 percent of all employment within the state.
CSBDF has provided $102.8 million in aid across 1,159 loans and 1,694 grants, saving thousands of jobs.
We know this work is vital because our research shows, empirically and objectively, the importance of small businesses.
WHAT THAT MEANS FOR NC.
Small “Main Street” businesses—shops, restaurants, service providers, and others—are the economic engines of healthy communities.
They create entrepreneurial networks, improve local quality of life, and revitalize distressed communities.
Neighborhoods with robust small firm ecosystems create a business environment that is desired and sought out by larger companies.