- July 28, 2021
- Posted by: Stratford Team
- Category: Business
An abundance of new businesses are opening in North Carolina this year. The secretary of state’s office accepted a record number of filings for new business creations in 2020, and is projected to shatter that record in 2021.
North Carolina Secretary of State Elaine Marshall says the growth in businesses began in the midst of the pandemic last summer and took off this year.
“The growth is absolutely historic,” Marshall said. “Beginning in June of last year we started to see an uptick, and it was not just small [and] incremental — it was a balloon that exploded.”
NC Secretary of State’s Office
In March and April of 2020, her office saw an increase in businesses seeking to be reinstated after receiving federal Paycheck Protection Program (PPP) loans to stay afloat during the economic crisis caused by the COVID-19 pandemic.
Marshall said she expected new business filings to subside after that wave, and…
