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NC ranks as 5th best state for new startups | WRAL TechWire

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NC ranks as 5th best state for new startups | WRAL TechWire


RALEIGH – Pondering chances are you’ll take a leap of entrepreneurship and launch a enterprise in North Carolina?  It’s possible you’ll discover that the entrepreneurial ecosystem within the Tar Heel State is sort of pleasant and arrange in your potential success.

That’s as a result of the state ranks among the many finest within the nation in the case of the infrastructure, enterprise local weather, and entry to capital, in response to a brand new research from Lensa, which is a United States-focused job board.

Whereas North Carolina didn’t crack the highest spot, it did end in fifth place, behind Texas, Georgia, California, and Illinois.

Ohio, Minnesota, Massachusetts, Colorado, and New Jersey rounded out the highest 10 ranked states.

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NC IDEA proclaims 20 grant recipients at annual occasion, placing $2.3M into NC financial system

What’s taking place

There are indicators that North Carolina’s entrepreneurial financial system continues to develop, even in a macroeconomic setting the place enterprise capital deal movement seems to be slowing.

Take this week’s NC IDEA 2022 Ecosystem Summit, the place the group introduced that it had made $2.3 million in grants on this quarter alone to gas startup ecosystems statewide in addition to particular corporations by means of non-dilutive grants.

And, take into account that the speed of latest enterprise formations continues to extend, even because the financial system shifts and plenty of are involved about layoffs.

Enterprise Capital offers slowing nevertheless it’s not time to ‘wring our palms,’ VCs say

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Behind the rankings

The evaluation tracked eight key metrics tied to startup success, together with new enterprise purposes, enterprise survival price, price of latest entrepreneurs, company tax price, the proportion of the state’s inhabitants that had earned a bachelor’s diploma or greater, labor prices as measured by common earnings per capita in 2020 {dollars}, the price of dwelling, and a measure of enterprise capital entry that in comparison with whole enterprise cash disbursed per $1 million in state gross home product.

North Carolina had 171,355 enterprise formations, in response to the evaluation, which pulled information on that metric from america Census Bureau.  However the North Carolina Secretary of State’s Workplace tracked a bit greater than that in 2021, WRAL TechWire reported in January.

And Secretary of State Elaine Marshall informed WRAL TechWire in August that the tempo of latest enterprise formations in 2022 remained “torrid” with 93,000 new companies shaped statewide by means of the midpoint of the yr.

New companies launching at ‘torrid’ tempo to date in 2022, NC Secretary of State says

The Lensa evaluation additionally discovered that North Carolina’s enterprise survival price outpaced every of the opposite high 5 state finishers aside from California, with a survival price of seven.03%.

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North Carolina additionally punches above its weight on the enterprise capital disbursed per each $1 million of state gross home product, at $6,082, in response to the research, rating third among the many high 10 ranked states within the research.

That’s greater than twice that of first-place Texas, at $3,000, and greater than each second-place Georgia ($3,824) and fourth-place Illinois ($4,175).  Nonetheless, on this measure, third-place California and eighth-place Massachusetts lap the sphere, with $29,416 and $31,792, respectively, and ninth-place Colorado additionally outpaces North Carolina at $8,193.

North Carolina additionally led the highest ten ranked finishers within the research on labor prices, with $31,993, barely outpacing Texas, Georgia, and Ohio.  However this measure was analyzed utilizing 2016-2020 information from america Census Bureau as the common earnings per capita from the prior 12 months, expressed in 2020 {dollars}.





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North Carolina

North Carolina governor says Harris 'has a lot of great options' for running mate

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North Carolina governor says Harris 'has a lot of great options' for running mate


SUPPLY, N.C. — A day after confirming he wouldn’t be a candidate for Vice President Kamala Harris’ running mate, North Carolina Gov. Roy Cooper said Tuesday at a public event that he’s excited that Democrats “have a lot of great options for her to choose from.”

Speaking in coastal Brunswick County with U.S. Environmental Protection Agency Administrator Michael Regan to celebrate federal funding for land conservation, Cooper reiterated his Monday message by saying “this was not the right time for our state or for me to potentially be on a national ticket.”

Cooper, barred by term limits from seeking reelection this year, had been among roughly a dozen potential contenders that Harris’ team was initially looking at for a vice presidential pick. He’s been a surrogate for President Joe Biden’s reelection bid and now for Harris.

“I am going to work every day to see that she is elected,” Cooper told WECT-TV. “I believe that she will win, and I look forward to this campaign because she has the right message and she is the right person for this country.”

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In making his decision, Cooper confirmed Tuesday that he was concerned in part about what Republican Lt. Gov. Mark Robinson could do if he left the state to campaign as part of the Democratic ticket. The state constitution says that “during the absence of the Governor from the State … the Lieutenant Governor shall be Acting Governor.” Robinson is running for governor this fall.

“We had concerns that he would try to seize the limelight because there would be a lot, if I were the vice presidential candidate, on him, and that would be a real distraction to the presidential campaign,” Cooper said.

Cooper pointed to when he traveled to Japan last fall on an economic development trip. As acting governor at the time, Robinson held a news conference during his absence to announce he had issued a “NC Solidarity with Israel Week” proclamation after the Oct. 7 Hamas attack inside the country.

Cooper also said Tuesday that he informed Harris’ campaign “early in the process” that he would not be a candidate, but that he didn’t reveal publicly that decision at first so as not to dampen enthusiasm for Harris within the party.

“My name had already been prominently put into the media and so I did not want to cause any problems for her or to slow her great momentum,” he told WRAL-TV while in Supply, located about 160 miles (258 kilometers) south of Raleigh. Cooper said he announced his decision when “there had begun to be a lot of speculation about the fact that I was not going to be in the pool of candidates, and in order to avoid the distraction of the speculation.”

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Tuesday’s event at Green Swamp Preserve celebrated a $421 million grant for projects in North Carolina, South Carolina, Virginia and Maryland to reduce climate pollution. The money will be used to preserve, enhance or restore coastal habitats, forests and farmland, Cooper’s office said.



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Josh Heupel Explains Important of North Carolina To Tennessee Vols

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Josh Heupel Explains Important of North Carolina To Tennessee Vols


The state of North Carolina is uber-important to the Tennessee Volunteers on the recruiting trail and should only get more important in the coming years.

The Tennessee Volunteers are currently on a hot streak on the recruiting trail. They added commitments from Toombs County safety Lagonza Hayward and Derby High School tight end Da’Saahn Brame over the weekend, putting them at the No. 8 overall class in the 2025 cycle. They still have several important announcements in the near future, several from the state of North Carolina.

The Vols have been adamant about successfully recruiting the state of North Carolina for years, and as more blue-chip talent continues to come from the Tarheel state, the more Tennessee will spend its time within that footprint. They’re firmly in the race for Providence Day School offensive tackle David Sanders Jr., who ranks as the No. 2 prospect in the 2025 class. He announces his decision on August 17th, and the North Carolina native is quite high on the Vols.

Additionally, Grimsley High School quarterback Faizon Brandon decides between Alabama, LSU, North Carolina State, and Tennessee this weekend. The No. 9 prospect in the 2026 class also hails from North Carolina and is Tennessee’s top target at the quarterback position.

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There are plenty of examples of future standouts coming from the state and past ones who’ve made an impact at the University of Tennessee – the school’s first 1,000-yard rusher since 2015 was North Carolina native Jaylen Wright, who was selected in the fourth round of the 2024 NFL Draft by the Miami Dolphins. Tennessee head coach Josh Heupel met with the media ahead of fall camp and discussed why they continue investing so much in the state.

“It is a border state,” Heupel explained to media on Tuesday. “For us, we believe and look at it and view it as part of our footprint. We are intentional in how we recruit that state.”

Other Tennessee News:

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Kamala Harris sparks excitement for Asian Americans in North Carolina • NC Newsline

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Kamala Harris sparks excitement for Asian Americans in North Carolina • NC Newsline


Enthusiasm is growing among Asian Americans in North Carolina.

With Kamala Harris stepping into the race and the potential for the country’s first president of Asian American heritage, it’s ignited excitement in the community.

Sen. Jay J. Chaudhuri (Photo: ncleg.gov)

“I’ve already participated in a half dozen Zoom calls about ways members of the Asian American community can help and turn out the vote,” said Sen. Jay Chaudhuri, a Democrat representing portions of Wake County.

Harris marked many “firsts” when she became vice president after the 2020 election: she was the first woman, first Black person, and first Asian American in that position. Her father is Jamaican and her mother is Indian.

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Now she has the opportunity to become the first Asian American presidential candidate if she secures the Democratic Party’s nomination.

Jimmy Patel-Nguyen
Jimmy Patel-Nguyen (Photo: NC Asian Americans Together)

“What people are excited about is recognizing the historical significance of it, that her lived experiences as an Asian American and Black woman really bring a different, inclusive level of representation to the highest level of government,” North Carolina Asian Americans Together communications director Jimmy Patel-Nguyen said.

The organization is focused on channeling that energy into voter outreach efforts, as well as raising awareness and education about key down ballot races.

The Asian American and Pacific Islander population in North Carolina has steadily increased in recent years.

It’s grown 63.3 percent since 2012 for a population size of about 456,655 in 2024, according to AAPIVote — a nonpartisan group dedicated to strengthening civic engagement for Asian American and Pacific Islander communities.

There are roughly 235,900 eligible Asian American and Pacific Islander voters in North Carolina, marking a 55.4 percent growth in voter eligibility from 2012 to 2022.

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Asian Americans and Pacific Islanders make up 2.97 percent of the electorate in the swing state. In 2020, then-President Donald Trump narrowly won North Carolina by less than 75,000 votes.

“It’s really important for us to acknowledge that major campaigns cannot ignore us anymore,” Patel-Nguyen said. “We are too consequential to elections — every election, local, state, and federal, where we’re changing the political landscape in North Carolina.”

The population is concentrated around urban areas. Wake, Mecklenburg, Guilford, Durham, and Orange counties have the highest proportions of Asian Americans and Pacific Islanders.

Nearly 60 percent of Asian American adults in North Carolina speak a language other than English at home, according to AAPIVote.

Rep. Maria Cervania
State Rep. Maria Cervania )Photo: ncleg.gov)

Along with low voter contact, language barriers have accounted for low voter turnout for Asian Americans.

“We do see the gaps when it comes to language access and communication,” Rep. Maria Cervania, a Democrat representing portions of Wake County, said. “We know that we need to continue that and more so now.”

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That’s why groups like NCAAT work to make voting as accessible as possible. In the past, NCAAT has translated mailers into different languages and made an effort to reach out to voters in their native tongue.

Another issue is avoiding treating the Asian American community as a monolith. With so many different backgrounds and cultures, there’s a wide variety of views across the political spectrum.

“A majority of AAPI voters in North Carolina are registered unaffiliated,” Patel-Nguyen said. “We’re really independent thinkers who are voting on issues and not all party lines.”

Top issues vary for individual voters, but there are general themes.

Younger voters prioritize lowering the cost of living, protecting abortion access and reproductive rights, and making healthcare more affordable, according to a poll by NCAAT. Older voters are more concerned about crime and public safety, as well as the economy and job creation.

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The Harris campaign has invested more money into more media than ever in order to reach Asian American voters, according to the campaign.

“In just the first week since Vice President Harris became the presumptive nominee of our party, we’ve seen a groundswell of support from AANHPI voters across North Carolina who are fired up to elect Kamala Harris as the first Asian American president in U.S. history,” according to Natalie Murdock, the campaign’s North Carolina political and coalitions director.



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