Report: Entrepreneurship Creates Jobs, Investments to North Carolina

Entrepreneurship in North Carolina Image

A new report has shed some light on just how entrepreneurs are helping to bring jobs and attract financial investment in North Carolina.

According to the report, "Starting Something: The State of the Entrepreneurial Economy of North Carolina, 1992-2011," entrepreneurs have started companies in North Carolina that helped to create more than 40,500 jobs for people with a variety of experience on their resumes over the past decade.

Joan Siefert Rose, president of the Council for Entrepreneurial Development, told the Herald Sun that of the more than 1,800 high-growth companies started since 1992, 397 attracted $7.7 billion in private funding.

Rose said the idea is to help the area known as the research triangle park (RTP) between Duke University, North Carolina State and the University of North Carolina become the next Silicon Valley.

The idea, again, is for focusing on winning games by getting on base rather than necessarily swinging for the fences all the time, Rose added. "So in RTP, this looks like early companies organically finding strategic partners early. The results: You play the percentages, you have a higher degree of success, you create jobs, and economic stability.”

The Bureau of Labor Statistics reports that approximately 2.5 million jobs in the U.S. were created by new establishments in 2010.

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