NC
Strategic Scorecard |
6.1.2 Short-term
Growth |
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Target: Rank
among top 10 states in the rate of new employer firms
(120% of US avg.)
Actual: 128%
of US average
US
Rank 2004: 17th ((tie);
down from 16th in 1996)
SE
Rank 2004: 5th (down
from 3rd in 1996)
SE
Region: AL
FL GA KY MS NC SC TN VA WV Updated
4/10/06
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| Primary
Performance Indicator |
Rate of New Employer Firms
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Performance
Trend:
The
trend depicts the degree to which actual
performance has approached the target in
recent years. |
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Comments
• |
NC
is well above the national average for new employer
firms and is ranked 17th in the nation and 5th in
the SE region in new employer firms.
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Since
1996, NC’s new employer firm rate has declined
slightly, as have its national and regional rankings. |
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Definition
(What Is Being Measured)
Ratio
of new employer firms started each year to existing
firms at the beginning of each year, where multi-state
firms are counted for more than one state.
Source: US
Small Business Administration, Small Business Indicators;
rankings from Morgan Quitno. |
Relevance
(Why This Is Important)
A
high new employer firm ratio suggests potential short-term economic
vitality and resilience. |
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| Other
Highlights |
| North
Carolina |
• |
In
2005 (spring quarter), NC was ranked 23rd in the US and
3rd in the SE in the State Economic Momentum Index, rebounding
from a national rank of 24th and regional rank of 5th in
2001 (Source: State Policy Research, Inc.). |
• |
In
2005, NC had the 16th lowest personal bankruptcy rate in
the nation and the 2nd lowest in the region (Source: Administrative
Office of the US Courts and Morgan Quitno). |
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| Other |
Southeast
Region |
National |
Global |
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Goal
6.1: Promote
Dynamic and Sustainable Economic Growth |
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