Business and Neighborhood Services
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Business Assistance


Also known as "crowd funding", there are a number of online sites such as Kickstarter, RocketHub, PledgeMusic, Funding4Learning, ArtistShare, and FundRazr that encourage individuals to pool their money to increase the impact of their dollars.  The support may go to artistic, educational, and business endeavors as well as to charities and disaster relief.  Some sites, such as Kiva, specialize in small loans.


Thank you for being part of Concord’s economy and business community. The City of Concord is partnering with Cabarrus Economic Development to keep existing businesses in Concord and help them grow and prosper. Click on the “Cabarrus Roots” icon for more information.
The North Carolina Institute of Minority Economic Development is a statewide nonprofit organization representing the interest of underdeveloped and underutilized sectors of the state's economic base.


Ten Steps to Starting a Business
Southeastern Trade Adjustment Assistance Center (SETAAC)






































The City Of Concord works to help small business owners grow and prosper by providing easy access to needed services. Information and web links on these Business Development pages connect with a network of business-building resource organizations in Concord, Cabarrus County, North Carolina and elsewhere in the nation.



Rowan-Cabarrus Community College Small Business Center

The Small Business Center at the local Rowan-Cabarrus Community College is designed to assist people starting a small business and to help people expand existing businesses. Through workshops, seminars, individual counseling, and referrals to other agencies, the centers are able to provide FREE assistance to the small business owner.

Since its beginning in 1992, the Small Business Center has assisted more than 500 small businesses. In addition, the center has individually counseled or provided seminars for more than 2,000 individuals who wanted to start a small business. There is a "How-to Booklet" you can view to gather information.

The RCCC Small business Centers provides free, confidential counseling services for new and existing businesses. Available on an as-needed basis, this free, confidential service acts as a sounding board for ideas and concerns you may have about your business. The professional staff will help you find solutions to your challenging business questions. No question is too simple or complicated.

Seminars are available on a variety of small business topics including:

  • How to Start a Business
  • How to Write a Business Plan
  • Recordkeeping and Taxes
  • Financing a Business
  • Marketing for Success.
  • Licenses & Permits
  • Business/Legal Structure

Rowan-Cabarrus Community College

South Campus (Cabarrus County)
1531 Trinity Church Rd
Concord, NC 28027
Phone: 704-788-3197


Angie Corriher
Special Assistant, Small Business Center

Ext. 383

Website: Rowan-Cabarrus Community College Small Business Center


Small Business & Technology Development Center

(The following information is from the SBTDC)

The North Carolina Small Business and Technology Development Center (SBTDC) helps small business owners (and those interested in starting a business) meet the challenges of today's business environment, manage that ever-changing world, and plan for the future of their business. We do this by providing management counseling and educational services to small and mid-sized businesses throughout North Carolina from our 17 offices across the state - each affiliated with a college or university. Our mission is to help North Carolina businesses grow and create new jobs within the state. Most of our services are free of charge, and all SBTDC services are confidential.

Our General Business Services are well defined and are designed to meet our clients' needs:

Management Counseling - We help you with financing, marketing, human resources, operations, business planning, and feasibility assessment.

Management Education - We also provide targeted, research-based educational products which are focused on change management, strategic performance, and leadership development for your management team, employees, and board members.

Our Special Market Development Services are specifically designed to aid growing companies in expanding their markets and increasing competitiveness:

Business Research - We provide research and marketing support services for SBTDC clients, primary research on small business needs and economic impact, and special projects such as small business incubator feasibility studies.

Government Procurement - We can help you secure contracts by providing comprehensive assistance in selling your products and services to federal, state, and local governments.

International Business Development - Our staff helps businesses with export financing.

Marine Trades - The SBTDC provides business and regulatory services to marinas, boatyards, boat dealers, boat builders, marine construction firms, and product/service providers.

Technology Commercialization and SBIR - SBTDC counselors assist technology businesses through management counseling and Small Business Innovation Research (SBIR) outreach.

(Concord is served by the SBTDC office in the University City area of Charlotte.)

8701 Mallard Creek Road
Charlotte, NC 28262-9705


U. S. Small Business Administration

The mission of the Small Business Administration is to maintain and strengthen the nation's economy by aiding, counseling, assisting and protecting the interests of small businesses and by helping families and businesses recover from national disasters. Since its founding on July 30, 1953, the U.S. Small Business Administration has delivered about 20 million loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses. For additional information about the Small Business Administration and the service they offer, visit

The SBA office serving North Carolina is located in Charlotte.

North Carolina District Office
6302 Fairview Road, Suite 300
Charlotte, NC 28210
(704) 344-6563 Phone
(704) 344-6769 Fax
1-800-827-5722 Phone toll free to SBA
Web site:

The SBA established an office to conduct research and represent the interests of small businesses. Created by Congress in 1976, the Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. Appointed by the President and confirmed by the U.S. Senate, the Chief Counsel for Advocacy directs the office. The Chief Counsel advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policy makers. Economic research, policy analyses, and small business outreach help identify issues of concern. Regional Advocates and an office in Washington, DC, support the Chief Counsel's efforts. For more information on the Office of Advocacy, visit, or call (202) 205-6533.



To explore financing possibilities for expanding and start-up businesses, probably the best way to start is a face-to-face discussion with experienced counselors at the Small Business & Technology Development Center (SBTDC) in Charlotte. The SBTDC helps small business owners to review both traditional (bank), private non-traditional, and government-sponsored funding options. Ask for their excellent publication, Capital Opportunities for Small Businesses, which can be viewed via the Internet, or purchased in a hard-copy version.

SBTDC Address:
8701 Mallard Creek Road
Charlotte, NC 28262-9705
Web Site:

Other Financing Contacts:

Area Banks. Contact numbers for business loan representatives in Cabarrus County:

Bank of America: 704-786-2641
Cabarrus Bank & Trust: 704-262-3855
SunTrust Banks: 704-784-6805
F & M Bank: 704-857-1181
First1Bank: 704-938-5126
Fifth Third Bank: 704-721-4317
First Citizens Bank: 704-788-1194
Wachovia: 704-788-3122

U.S. Small Business Administration

The main SBA office serving North Carolina is located in Charlotte.
North Carolina District Office
6302 Fairview Road, Suite 300
Charlotte, NC 28210
(704) 344-6563 Phone
(704) 344-6769 Fax
1-800-827-5722 Phone toll free
Web Site:

Venture Capital and Other Options

The SBTDC, and the Cabarrus EDC have further contacts for: sources of venture capital; Small Business Investment Companies (SBICs); and other funding possibilities.


Business Insurance

Through the N.C. Department of Insurance web site, there is information regarding insurance for businesses. A helpful publication entitled, Guide to Insurance for Your Business is available to view, or download.


Fire Insurance Rates

Fire insurance rates are based on a rating scale established by ISO (Insurance Service Office). The rating system goes from 1-10 with 1 being the best rating possible. The City of Concord's ISO rating has fallen from a 4 to a 3 effective November 1, 2004. This rating is only done every 10 years or on the request of a city. The City of Concord requested this survey due to the fact that the City has been working diligently to reduce the rating.

This Class 3 rating will place the City of Concord's Department of Fire and Life Safety in the Top Three Percent in the Nation. There are 44,870 departments in the nation who are surveyed and given a rating.


Specialized Business Groups

Through the U.S. Small Business Administration web site, there is information to assist current, or aspiring business owners including those of specialized groups. The Small Business Planner includes information and resources that will help you at any stage of the business lifecycle. The search tool will assist you in finding information for particular specialized groups such as Women Entrepreneurs, Veterans, Native Americans, Minorities and Young Entrepreneurs.

Women Entrepreneurs


Native Americans


Types of Business Ownership

Several different legal structures exist for small businesses. The decision to select one over another affects the financial responsibility of the owner(s), how the business can be dissolved, and how taxes are paid. For advice on which legal status is best for you and your business, please consult with your attorney or accountant, or schedule a free counseling session with staff at the Small Business & Technology Development Center, 704-548-1090.

Sole Proprietorship

Sole proprietorship is the simplest legal structure for a one-owner firm. The business is not legally separate and distinct from the owner. Sole proprietors are personally liable for debts of their business. Taxable income from the business is included with the personal income of the owner, and reported on a standard IRS Form 1040.


In a partnership, the business is not legally separate from the owners, just as in a proprietorship. Under a partnership, however, business profits or losses are distributed to each partner in proportion to their percentage of ownership. Taxes must be paid by the individual owners. The partners are all personally liable for business debts and decisions, including business actions taken by other partners. Partnerships dissolve when one of the owners terminates his or her membership, dies, is found to be legally insane, or declares bankruptcy.


In a "C" corporation, individual owners are shielded from personal responsibility for the company's debts (except for their stake as shareholders). Taxes on any business profits are paid as a corporation, not through the tax returns of each owner. Establishing a corporation allows for raising capital from outside investors. It also makes continuation of the business easier in the event of the death of an owner, or other change in ownership. Disadvantages of corporation status include greater cost and complexity of legal documents.

A Subchapter "S" corporation is legally much like a regular "C" corporation, except that all company profits or losses are distributed to stockholders, who are individually responsible for taxes. No income tax is levied on the corporation itself.

The North Carolina Department of the Secretary of State provides a variety of information concerning partnerships, LLC’s and corporations. Such businesses must register with the Secretary of State. For forms and information you may write to the NC Department of the Secretary of State, or click on the link below.

NC Dept. of the Secretary of State - Corporations Division
2 South Salisbury Street
P.O. Box 29622
Raleigh, NC 27626-0622

Telephone: 919-807-2225
Web Site:


Service Core of Retired Executives (SCORE)

An expert advisor can help you make the right business decisions. Get free and confidential advice from SCORE.

SCORE Counselors to America's Small Business


Small Business Financing Options (

There are many options available in financing a business.  The resource outlines the types of financing options that are available to help raise the necessary capital to meet your business's current needs.



Doing Business with the Government

Some businesses provide special services to a government entity, including federal, state, and/or local.  Below are some helpful sites that can help a business tap into the government market.

Federal (the official business link to the U.S. Government and the states):


Department of Defense:


IRS Guides to Doing Business with the Government:,,id=125244,00.html



State of North Carolina:



Cabarrus County

City of Concord


Southeastern Trade Adjustment Assistance Center (SETAAC)

Did you know that manufacturers in our area may be eligible for up to $75,000 in federal cost-share funding? Distressed firms that have experienced declines in both employment and sales, as a direct result of import competition, are eligible to apply for certification and assistance through the Trade Adjustment Assistance for Firms (TAAF) program.




The Southeastern Trade Adjustment Assistance Center (SETAAC) serves North Carolina and is one of 11 nationally operated centers responsible for the administration of the TAAF program. Over $500,000 of Federal cost-share funds is available each year to help U.S. manufacturers in the Southeast that have been hurt by import competition, including North Carolina; funding is provided to SETAAC by the U.S. Economic Development Administration under the Department of Commerce.


SETAAC is currently looking for manufacturers in North Carolina that would be interested in up to $75,000 of federal funding to help them improve their competitive position. Qualifying firms receive financial assistance through a cost-sharing model that helps U.S. firms develop and implement business recovery strategies to strengthen their competitive position in the global marketplace. Financial assistance is available for strategic projects such as marketing consulting, web site development, lead generation, sales literature, product development, process improvement, lean manufacturing, employee training, ERP installation, strategic planning and export assistance, to name a few.


For more information about the TAAF program, please contact SETAAC’s business development officer, Tracy Cole, at 770-531-4550 or via e-mail at . More detailed program information may be found at