Tag Archives: local businesses

Raleigh was ranked the best city in the state to start a business due to its labor market.

Entrepreneurs and business owners need look no further than the Tar Heel state to set up shop — North Carolina came out on top in a new study of the best states to start a business.

The study, conducted by Fit Small Business, cited the state’s labor market and taxes as driving an ideal environment for business owners. Fit Small Business, out of New York City, says it provides research to help small business owners make wiser decisions.

The researchers used data from the U.S. Bureau of Labor Statistics, the Kauffman Foundation and the Small Business Administration to rank states on seven categories — access to capital, startup activity, taxes, cost-of-living, labor market, quality of life and cost of starting a business.

The study took corporate, individual income, unemployment insurance, property and sales taxes into account, ranking North Carolina 11th nationally for tax rates. At 3 percent, North Carolina’s corporate tax rate is the lowest of any state levying a corporate tax, according to the Tax Foundation, and is set to be reduced to 2.5 percent beginning in 2019 after to the North Carolina General Assembly’s latest budget.

Raleigh’s educated population and its high-quality research facilities earned it the top spot among cities statewide for starting a business. More than 40 percent of Raleigh’s population over 25 held at least a four-year degree, compared to just over one-third of Americans nationally.

The state’s startup activity also ranked highly — a category that took the rate of entrepreneurs and the survivability of business into account.

But those looking for venture capital investments and small business loans may turn their attention elsewhere. The state was ranked 34th in “access to capital.”

The cost of starting a business, based on per capita income and median commercial rent per square foot per year, fared worse for North Carolina than a majority of states as well. Data from the Bureau of Economic Analysis reveals North Carolina’s 2016 per capita income of $42,002 lags behind the national average of $49,571.

In addition to North Carolina, Utah, Texas, Indiana and Montana rounded out the top five states for starting a business.

by:, triangle business journal
Advertisements

USA Today names Cary’s Bond Brothers best new brewery

Several thousand new breweries opened nationwide in the last three years. Bond Brothers Beer Co. in downtown Cary is the best one of them all, according to a new poll from USA Today.

“We’re super-excited,” said Whit Baker, the brewmaster and co-owner. “ I’m so glad that people like us.”

A panel of craft beer experts picked what they said were the 20 best new breweries – defined as breweries that opened in 2014, 2015 or 2016 – so even being named to the list initially showed some insider credibility.

Then people could go online and vote for their favorite. Bond Brothers whipped up community support and beat out breweries from cities like Atlanta, Chicago and the craft beer mecca of Portland, Ore.

See the full list here.

Brothers Jay and Jeremy Bond own the brewery along with Baker and Andy Schnitzer. And although the brewery has only been open for about a year, they had years of experience homebrewing before they decided to turn their hobby into a business.

“We knew we had a good, solid product,” Jay Bond said Friday, after their win was announced. “We did years and years of (homebrewing). We had done festivals, won awards and given away lots and lots of beer over the years.”

They don’t have to give it away anymore. The brewery at 202 E. Cedar St. in downtown Cary is often crowded.  In fact, Bond said, people who show up in the next few days might find a more limited selection than usual since the brewery has been unexpectedly busy.  “We’re actually quite low on beer at the moment,” he said. “We’ve had some really good weekends lately.”

But there’s already lots of new beer brewing for a festival April 1 at the brewery, which Bond Brothers has been planning for a while. Now it’ll turn into a celebration for this new accolade, too.

There will be special beer releases and a show by Durham folk rockers The Mountain Goats. The party will last from noon to 11 p.m. and the Mountain Goats will take the stage at 5 p.m.

BY WILL DORAN, newobserver.com

Thanks to Apex Cary Insurance

Thanks to Apex Cary Insurance for the opportunity to be part of their newsletter this month and to do a quick video.   I really appreciated being able to share our complimentary representation for buyers including those purchasing new home construction!  Videos are definitely outside of my comfort zone but thanks for the encouragement Mike Petilli!