Study: North Carolina is 9th best state to start a business

RALEIGH – In a new study, WalletHub compared all 50 U.S. states, scoring each state on 28 different indicators important to startup success, and North Carolina ranked ninth.

The study comes after another report recently ranked Durham as the No. 2 city to start a business. Raleigh came in seventh. And the number of new businesses across the state is at a record-setting pace, as WRAL TechWire reported in March.

However, North Carolina ranked only 25th for industry variety and 29th for recent COVID-19 data.

“It is always popular among legislators to talk about ‘lowering corporate taxes’ in hopes of attracting business,” said Dr. Kelly G. Shaver, professor of entrepreneurial studies at the College of Charleston School of Business.  “That said, it may be time to take a more nuanced view of what entrepreneurs consider to be important.”

Report: New business growth soaring at record rate in NC despite pandemic

The WalletHub…

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