Burke sees modest increase in new business in October

In October 2024, 40 new Burke County businesses registered with the North Carolina Secretary of State, representing a 25% increase over the previous month, and a 14% increase over October 2023.

October’s additions push the number of new businesses in Burke to 444 for 2024, a 6% decline from the same period in 2023. Projected 2024 new business registrations are trending to be lower than 2023 with total of 533.

Most of the new business registrations were from Morganton, 29. Connelly Springs totaled five; Valdese, four. One new registration listed Hickory as its agent’s address and one new registration listed Hildebran as its agent’s address.

Statewide statistics show business creation in 2024 is down over the previous year. N.C. Secretary of State Elaine F. Marshall said in March, “New business creation has accelerated substantially since the beginning of the global pandemic in early 2020. In fact, new business creations are on a record pace through the first two months of 2024.”