For the second consecutive year, North Carolina has been ranked as the top state for business in CNBC’s annual competitiveness study. This achievement is a testament to the state’s thriving economy, robust workforce, and conducive business environment. This is huge news for entrepreneurs and small business owners across the state!
What contributed to this first-time achievement? North Carolina’s commitment to fostering a vibrant entrepreneurial ecosystem that combines a business-friendly environment, workforce quality, infrastructure, and economic climate.
At a time when companies are navigating an unpredictable economy and are struggling to find qualified workers, no state is meeting their needs more effectively than North Carolina. In fact, the study showed North Carolina’s gross domestic product grew by a healthy 3.2% while outranking many other states in housing, education, and employment retention.
How Can Business Owners Capitalize On Economic Growth?
North Carolina’s robust economy is another factor that sets it apart from other states. With a diverse range of industries, including technology, manufacturing, healthcare, and finance, the state offers small businesses ample opportunities for collaboration and growth.
Fidelity Bank understands the intricacies of these industries and has a deep knowledge of the local market. We leverage this expertise to assist small business owners in securing loans and funding necessary to drive expansion plans, invest in new equipment, or seize emerging market opportunities.
Involving a local banker in your business can give you an influential advocate, ally, and representative in your community and beyond. One of the best ways to get started is by requesting a free financial review. In addition to reviewing how your business can capitalize on the current economic growth, our local bankers are happy to review your current goals and help you create a sound financial plan for the future.