Economic Impact of Small Business
The numbers don’t lie. Small businesses have a major impact on the Triangle economy. In the Triangle region alone, nearly 80,000 people are employed by small businesses. Also, more than 80 percent of businesses in the Raleigh Metropolitan Statistical Area (MSA) are small businesses with 20 employees or fewer. Check out those and other numbers below showing why small businesses are a critical factor behind the region’s vitality.
More than 2,600 women-owned firms call Raleigh Home
Source: https://www.census.gov/quickfacts Over 2,500 Start-ups established in the Triangle Region
Source: Pitchbook | 202121% of small business owners say the economy has improved (9 points lower than February) and 42% say the economy has gotten worse (20 points worse than February).
Source: https://www.uschamber.com/small-business/small-business-weekly-forecast 27% of small business owners believe the economy will improve in the next 12 months (19 points lower than February) and 43% believe the economy will worsen (11 points worse than February)
Source: https://www.uschamber.com/small-business/small-business-weekly-forecast #1
Best State to Start a Small Business
(The Ascent)
#1
Top 10 Best Places for Businesses
(Ramsey Solutions 2023)
#2
#5
#7
Raleigh: Best Large Cities to Start a Business
(Working In The Triangle)
#9
Best Cities to Start a Business
(Policy Genius 2024)
Top 100
(Research Triangle)