This dissertation examines the relationship between corporate expansions and entrepreneurial startup activity and failures, the number of jobs created, wages paid, and level of investment received by the corporate relocate. Using data sourced from the North Carolina Secretary of State, North Carolina Department of Commerce and Job Development Investment Grant, I set out to evaluate changes in entrepreneurial startup activity and failures, tax incentive payouts, and salaries arising from large (greater than 251 employees) corporate expansions and relocations located in the state of North Carolina. The analysis suggests that the number of jobs created, and level of investment received by expansions of existing corporations had a direct effect on entrepreneurial startup activity. However, there was no direct effect found on wages paid, number of jobs created and level of investment on failure activity by the same focal corporate expansions. I conclude by highlighting the study's theoretical contributions to help further the conversation and direct startup and failure business strategies for small businesses.