No Surprise – Number of Businesses In Piedmont Triad Down Due to Recession

We’ve heard a lot about the rise in unemployment in the Piedmont Triad due to the Great Recession, but according to a new report it’s not just that businesses shrank their payrolls, many of them disappeared outright:

Greensboro-High Point had 17,838 businesses in 2009, down 2.7 percent to 18,324 in 2008, the On Numbers analysis shows. Winston-Salem lost 3.3 percent of its businesses during that same time period, with businesses declining from 10,818 to 10,457, according to the analysis.

In Burlington, the number of businesses declined from 3,309 to 3,212 between 2008 and 2009, a 2.9 percent drop.

Businesses in the Thomasville-Lexington region dropped by 4.2 percent from 2,916 businesses to 2,795 during that same time period, while Mount Airy saw businesses decline from 1,737 to 1,693, a 2.5 percent decrease.