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Port City makes a great spot for small business

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Fortune magazine ranked Wilmington number 14 on it's list of Best Mid-Size Cities to Launch your Business. With concerns over growing unemployment, rather than looking for a job people are choosing to create them. The Wilmington Chamber of Commerce and UNCW's Entrepreneurship Center provide Fortune with information about economic and population growth in the Port City. Growing population means more goods and services are needed to support those people, and businesses are popping up to fill those needs. Between 2004 and 2007, small businesses grew by almost 13 percent each year. Continued small business growth should mean good news for unemployment. “The majority of new jobs that have been created in the US have not come from corporations, but instead have come from small businesses. So the more of those we have the better off we're going to be economically long-term,” said Jonathan Rowe of the UNCW Entrepreneurship Center. Rowe said part of the attraction is that Wilmington offers small businesses plenty of commercial real estate, an educated workforce, and a lower labor rate. To help foster the entrepreneurial spirit, UNCW created the Entrepreneurship Center. The center helps promote high growth businesses in southeastern North Carolina by bringing them together to learn from one another. The hope is growing those smaller businesses will help create more jobs.

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What a Spin Job!

HAH! That list that we appeared #14 on only consists of 20 cities! Read the report - the numbers are terrible. It paints a very unfriendly picture of Wilmington's "friendliness" to business. There's a reason the article doesn't link to it: http://money.cnn.com/smallbusiness/best_places_launch/2009/full_list/top... Vote a small local business friendly ticket into City Council: Knight, DeHart, LaNasa, & McCoy

OUT WITH THE OLD AND IN WITH THE NEW

IT'S REALLY SAD THAT OUR ESTABLISHED BUSINESSES CAN'T GET ANY RELIEF FROM THE BANKS TO HELP EASE THE PAIN OF THE SLOWING ECONOMY, BUT A NEW BUSINESS CAN GET LOANS TO GET STARTED. AS A BUSINESS OWNER WE WENT TO OUR BANK (BB&T) FOR HELP AND THIS WAS A JOKE. THEY TREAT YOU AS BAD OR POOR BUSINESS OPERATORS. IT DOESN'T MATTER THAT YOU'VE BEEN IN BUSINESS FOR 20 YEARS AND LONGER OR IF YOUR CREDIT SCORE IS WELL ABOVE 780. WE ARE CONSIDERED HIGH RISK NO MATTER WHAT, BUT A NEW BUSINESS CAN GET STARTED WITH NO FOUNDATION OR HISTORY. I THINK THE BANKS WOULD RATHER SEE US GO OUT OF BUSINESS THAN TO HELP US STAY IN BUSINESS. TELL ME WHAT IS WRONG THIS PICTURE? THE BANK CAN USE YOUR MONEY TO GAIN IN THE STOCK MARKET, BUT CAN'T HELP YOU OR YOUR BUSINESS IN A TIME OF NEED. THE BANKS GOT HELP FROM THE GOVERNMENT TO HELP THEM THROUGH, BUT THEY HAVE FORGOT ABOUT US AS SMALL BUSINESSES THAT KEEP THEM GOING THOUGH (GOOD TIMES) AND THE (BAD TIMES). SMALL BUSINESSES HOLD ON IF YOU CAN AND YOU WILL SEE SOME OF THESE BANKS THAT ARE BEING GREEDY FALL AS WELL AND A NEW ONE WILL TAKE THEIR PLACE.

Port City small business headline

I would say this is a subjective opinion. I have seen small business in the Port City do well and also struggle. I think the City and County need to crack down on people doing business "Under the table" without business licenses. Then maybe it would be a better place for small "Legitimate" businesses.