Struggling economy to blame
We hear it often. Small businesses are the engine of economic growth in the United States. According to the U.S. Small Business Administration, small businesses account for 44 percent of private payrolls in the U.S. and employ half of all private sector employees. Their ability to thrive in Western North Carolina is essential to long-term economic growth in the region, says Will Lambe, Associate Director of the UNC School of Government’s Community and Economic Development program.