We asked 12 Triad business leaders about their biggest challenge in 2023. Here’s what they had to say.

While Triad business leaders are bullish about the Triad economy , their top challenges for 2023 are very much in line with concerns cited by their counterparts statewide in a Business Journals statewide economic outlook survey. The rising cost of business, with inflation a major part of the equation, tied with the U.S. economy as the top concern cited by respondents across the state in the survey. That finding is echoed by 12 Triad business leaders ( see below ) that TBJ’s news team approached at Thursday’s N.C. Economic Outlook event at High Point University. Labor and access to capital were among other top concerns local leaders to the highlighted, again mimicking survey that was conducted statewide. In the Business Journals survey a year earlier, the U.S. economy was the No. 1 concern, with rising costs second. The global economy has been the third-greatest concern both years. Access to capital, business loans and credit was the concern that jumped the most as somewhat or very concerning among respondents, cited by 41% compared with 32% a year earlier. A closer look reveals a slight difference by metro area in which concerns ranked highest, with rising costs the greatest concern cited […]

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