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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 $111.2 million in aid across 1,236 loans and 1,791 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

169 Loans/Grants

$11 Million

93 Jobs

Northwest

20 Loans/Grants

$1.2 Million

Piedmont Triad

222 Loans/Grants

$7.3 Million

178 Jobs

Southwest

873 Loans/Grants

$27.9 Million

2,347 Jobs

Sandhills

134 Loans/Grants

$8.7 Million

97 Jobs

North Central

1,279 Loans/Grants

$37.5 Million

2,142 Jobs

Southeast

158 Loans/Grants

$9.4 Million

111 Jobs

Northeast

149 Loans/Grants

$5.8 Million

107 Jobs

ANNUAL REPORT

Download our 2022-2023 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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