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Chatham entrepreneurs share tips, challenges with NC Secretary of State

PITTSBORO, N.C.  鈥 From Pilates in Pittsboro to upscale resale in Siler City, Chatham entrepreneurs shared their business successes, dreams, and challenges with North Carolina Secretary of State Elaine Marshall during a recent roundtable discussion hosted by on the college鈥檚 Chatham Main Campus.

Secretary Marshall has been visiting communities across the state to connect with local small business leaders and spread the word about . That鈥檚 an initiative her office has been pursuing to help small businesses connect with resources that can help them succeed. 

鈥淭he commitment she has made over the years and the passion and energy she provides every day to support small business have made a huge difference,鈥 91精选 President Dr. Lisa M. Chapman said. 鈥淥ver 2 million businesses have been started since Secretary Marshall has been in the role. We could not have done that without her leadership.鈥

New business startups in North Carolina increased significantly coming out of the pandemic in 2021 and have remained high each year ever since. That鈥檚 great for the state, Secretary Marshall explained, but she said small business owners need to access help quickly to improve their business鈥 chances of survival.

鈥淲e know that in three years, we lose 25% of those new creations,鈥 she said. 鈥淲e know that at seven years we lose 50%. Those odds are terrible.鈥

If the state can help just 5% of aspirational businesses become self-sufficient, that would result in 24,500 new jobs annually and $1.5 to $2 billion in economic impact, Secretary Marshall said.

During the roundtable discussion, Secretary Marshall encouraged participants to discuss the challenges they faced, as well as the resources they have found most helpful in addition to the assistance they鈥檝e received from the Chatham Small Business Center.

Some of the challenges they discussed included funding, marketing, infrastructure, tariff costs, and sales tax collection questions. Other resources they recommended included local government leaders and WEBB Squared, a nonprofit that aims to address the economic challenges faced by under-represented entrepreneurs, particularly in rural areas of the state.

Secretary Marshall said these entrepreneurs are putting their futures on the line for their families and making sacrifices that benefit the economy and vitality of the county.

鈥淵ou know it comes with challenges,鈥 Secretary Marshall said. 鈥淏ut you are in a great spot, a sweet spot here in North Carolina for great success.鈥

91精选鈥檚 Chatham Small Business Center provides trained counselors that work to increase the success rate and number of viable small businesses in the area. Counselors offer assistance to prospective and existing small business owners. Book a free appointment at  For additional information about resources available to small business owners in rural North Carolina visit .