A new joint report was released yesterday from our colleagues at the NC Rural Center and Thread Capital showing that a decade after the Great Recession, North Carolina’s small businesses are still struggling to recover and catch up with their urban counterparts in the state.
The report, Small Business Dynamism in North Carolina, found that North Carolina small businesses have fewer brick-and-mortar banks operating in their communities and significantly less access to the critical commercial capital needed to start, sustain, or grow their businesses.
Rural Center President Patrick Woodie says, “We as a state must address the growing chasm of capital access between our rural and urban counties. The economic engines of our largest urban counties might drive our state’s economy, but it is the rural small business owner who sustains our local communities.”
The full report can be read here, and an interactive database that shows small business dynamism in each of the state’s 100 counties can be viewed here.
The Professional Educator Preparation and Standards Commission (PEPSC) will meet Thursday, May 9, at 9 a.m. in the 7th Floor Board Room, Education Building, 301 N. Wilmington Street, Raleigh.
The agenda is available online. The meeting will be audio streamed for those who cannot attend in person.
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