NC in Focus: New Data on Entrepreneurship

By on 9.2.16 in Economic Data

Nationally, 22.2% of businesses with paid employees had been operating for no more than three years as of 2014. In North Carolina, this proportion is slightly lower: 20.8% or just over 32,000 of the state’s 154,000 firms were younger businesses, according to recently released data from the U.S. Census Bureau’s first Annual Survey of Entrepreneurs. In contrast, North Carolina had an above average proportion of long-established businesses: 6% of North Carolina businesses with paid employees…

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