Starting Something: The State of the Entrepreneurial Economy of North Carolina, 1992-2011
This report aggregates data from 1,823 high-growth companies
founded in North Carolina since 1992 and shows these companies created 40,560 jobs
. Of these firms, 397 have attracted $7.7 billion
in private capital, raised from more than 600 funds, since 1997.
This report is the first to provide a comprehensive look at the role these privately held companies contribute to the overall economy. The study shows that the North Carolina entrepreneurial sector creates jobs that stay in the state. The sector attracts large amounts of diversified capital investment and exhibits unusually stable growth patterns, even during major economic swings.
Presented by CED president Joan Siefert Rose at the CED Annual Meeting on January 25, 2012, the report highlights the Research Triangle as a hotbed of meaningful entrepreneurial activity.