Resources, Facts & Figures

Consistently rated among the best business climates in the nation by Forbes, CNBC, Chief Executive and Site Selection

All information and figures below are from the most recent N.C. State of Small Business and Entrepreneurship report .



Small Business Employment in NC

How many small businesses are located in North Carolina, and how many people do they employ?

There were an estimated 821,189 small businesses in North Carolina in 2007. There were 179,773 employer businesses and 98.1% were small (fewer than 500 employees). In 2007, small businesses (fewer than 500 workers) employed 47.9% of North Carolina’s 3,586,552 employees. Between 2005–2006, small businesses in North Carolina added a net total of 82,757 employees.

SOURCE: U.S. Small Business Administration, Office of Advocacy, North Carolina Small Business Profile (Oct. 2009)

 Employment by Size of Enterprise from SSB

Firms and Employment in NC - from SSB

Women-Owned Businesses

Women-owned businesses totaled 225,503 of which 11.8% (26,612) had employees (as of 2007, the latest year for which these preliminary estimate statistics are available). Women-owned businesses generated an estimated $32 billion in revenues in 2007, the most recent year for which statistics are available.

SOURCE: U.S. Census Bureau, Survey of Business Owners In 2008, self-employed women totaled 155,000, or 32.8% of self-employed workers in North Carolina. SOURCE: U.S. Small Business Administration, Office of Advocacy, North Carolina Small Business Profile (Oct. 2009)

Minority-Owned Businesses

Minority-owned businesses in North Carolina totaled 131,826 in 2007 (preliminary estimate), the latest date for which these figures are available. This represents a dramatic 66.2% increase and an addition of 52,523 minority-owned businesses in North Carolina to the previous reported total of 79,303 in 2002.

North Carolina’s minority-owned businesses generated $16.4 billion in revenues in 2007 (preliminary estimate).

SOURCE: U.S. Census Bureau, Survey of Business Owners

High-Tech Businesses

North Carolina employs 155,200 high-tech workers (16th nationally). The high-tech industry gained a net 2,800 new jobs between 2007–2008. High-tech firms in North Carolina employed 46 of every 1,000 private-sector workers in 2008 (25th nationwide). North Carolina’s high-tech workers earned an average wage of $76,800 (21st ranked) – or 95% more than the average private-sector worker’s wage in 2008.

North Carolina’s high-tech payroll ($11.9 billion in2008) ranked 15th nationally.North Carolina ranked 3rd nationally in Computer & Peripheral Equipment Manufacturing Employment with 14,000 jobs (up three spots from previous ranking); 6th in Communications Equipment Manufacturing Employment with 8,000 jobs; and 7th in Computer Training Employment with 700 jobs.

SOURCE: Cyberstates 2010, Published by TechAmerica Foundation. All data for 2008 unless otherwise noted.


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