The US Census Bureau is expanding its usefulness into the world of start-ups, jobs and productivity with its first, to be annual, Survey of Entrepreneurs. The results were released last Thursday.
One interesting piece of data: Out of a total of 5.4 million US companies with paid workers, 8.9 percent, or 481,981 of them were only open for business less than two years in 2014.
The number of businesses operating for 16 years of more was 167,917, or 3.1 percent. The largest number of companies, representing 44.1 percent, or 2.4 million, were open between 11 and 15 years.
Beginning with the publication of the 2014 data and ending with the release of date from 2016, the Annual Survey of Entrepreneurs will be and addition to the Survey of Business Owners, which is done every five years. The new survey will give more up-to-date socio-economic information and paint a more thorough portrait of the nation’s employer businesses, considering gender, ethnicity, race and how veterans fit in. Very significant is the information on the number of years a company has been open for business.
Several organizations partnered to create this new survey, some private and others public, including: he U.S. Census Bureau, the Ewing Marion Kauffman Foundation and the Minority Business Development Agency.
“As ‘America’s Data Agency,’ the Department of Commerce puts open data resources and digital tools in the hands of families, communities, and federal and local leaders to help them make data-driven decisions,” said U.S. Secretary of Commerce Penny Pritzker. “The Annual Survey of Entrepreneurs is a new and exciting resource that responds to data users’ request for more timely statistics on the demographics of America’s businesses owners.”
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