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NCGrowth: UNC's Silent Economic Engine
Inside the $5.6M think tank driving North Carolina's economic future
While the world watches Silicon Valley, a quiet revolution is happening in North Carolina's economic landscape. NCGrowth, a 40-person operation embedded within UNC's Kenan-Flagler Business School, isn't just analyzing economic development—they're actively building it. With $5.6M in revenue and a unique model that blends academic rigor with on-the-ground execution, they're redefining what a think tank can achieve.
"NCGrowth isn't studying economic development from an ivory tower—they're in the trenches, turning research into revenue for North Carolina communities."
The 40-Person Powerhouse
With a lean team of just 40 professionals, NCGrowth operates with the agility of a startup while leveraging UNC's institutional credibility. Carolyn Fryberger, Associate Director of Economic Development, leads a team that doesn't just publish reports—they orchestrate cross-state immersives, host 'Thriving in the Carolinas' events, and facilitate post-Helene economic recovery planning. This isn't academic navel-gazing; it's targeted intervention with measurable impact.
The Cross-State Immersive Model
What makes NCGrowth unique is their 'Cross-State Immersive' approach. They don't just analyze data from behind desks—they physically connect stakeholders across the Carolinas, creating networks that transcend traditional economic development silos. Their 2024 Annual Report, alongside events like 'Thriving in the Carolinas,' demonstrates a model where academic research meets real-world implementation. This hybrid approach—part think tank, part economic development agency—is their secret sauce.
The organization's digital presence reveals a modern, multi-channel strategy. They maintain active presences across YouTube, Facebook, LinkedIn, and Instagram—platforms typically underutilized by traditional think tanks. Their tech stack, built on WordPress with Tailwind CSS and Bootstrap, suggests a team that values both functionality and user experience. Yet their traffic metrics (0 monthly visits in public data) raise questions: Is this intentional stealth mode, or is their impact measured in policy shifts rather than page views?
- Embedded within UNC's Kenan-Flagler Business School, not a standalone entity
- Active crisis response role (Post-Helene economic recovery planning)
- Multi-platform content strategy including YouTube and Instagram
- Cross-state collaboration model (Carolinas focus)
- Lean operations: $140K revenue per employee
The Unseen Economic Architect
NCGrowth represents a new breed of think tank—one that measures success in jobs created, communities rebuilt, and policies shaped, not website traffic. For founders and investors eyeing the Carolinas, this is the organization you need to know, even if you've never heard of them.
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