Month: August 2022

RALEIGH – The rate of new business growth in North Carolina has been torrid during the first half of 2022, according to North Carolina Secretary of State Elaine F. Marshall.

So far, between the first of the year and June 30, about 93,000 new businesses were started in North Carolina, according to a statement released Tuesday by the North Carolina Secretary of State’s Office.

That’s 47,000 in the first quarter and 46,000 in the second quarter, the second-most and third-most business creations during any quarter on record, the statement noted.

During the same months in 2021, about 96,000 businesses were formed in the state, a record. Throughout the entire calendar year of 2021, the state saw a record 178,300 new business formations, WRAL TechWire previously reported.

That pace of growth led a representative of the US Small Business Association to call the rate of new business growth “pretty incredible” earlier

Eat Florida’s dust, New York.

The Sunshine State saw twice as many new businesses open last year compared to its rival in the Northeast, according to the latest federal data.

The number of newly opened small businesses surged in Florida during the COVID-19 pandemic as the state was largely shunned lockdowns and restrictive measures that spurred residents of New York and California to leave.

Floridians last year filed 632,105 applications for new businesses — a 27% increase from the year before, according to federal data.

More than a third of those new businesses were opened in the state’s economic heart — the three large countries that comprise South Florida.

In Miami-Dade County, there were 135,710 business openings, according to federal data — a 26.7% increase from 2020.

Neighboring Broward County saw 84,045 business applications last year — a 20% increase from 2020.

In Palm Beach County, business owners filed 51,211