N.C. Today: Growth in NC startups bucks national trend

Cathy Martin - May 16, 2014 - 3:00:00 pm

New business startups in North Carolina increased in 2013, while the growth rate of new ventures declined nationally, according to Kansas City, Mo.-based Ewing Marion Kauffman Foundation. The state ranked 13th overall on the Kaufmann Index of Entrepreneurial Activity.

Montana had the fastest growth rate in startups, while Iowa, Rhode Island and Indiana were deemed the least entrepreneurial states. Generally, Western states had the highest ratings, while states in the Midwest and Northeast lagged.

The overall decline in entrepreneurship is probably due to an improved labor market, with fewer people pressured to start their own businesses, according to the report.

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