SBA Updates Survey of State Data

The economic condition of small businesses in the United States is captured in the latest edition of the  Small Business Profiles for the States and Territories. This annual publication from the Office of Advocacy provides information on the demographics of business ownership, employment, industry composition, and small business income, for each of the 50 states and the District of Columbia. The publication provides available limited data on the U.S. territories.

The latest issue can be found online at http://www.sba.gov/advocacy/848/41391 and shows Arizona data for 2009.  The changes from prior year are interesting.  While small business employers with 500 or less employees decreased 5.5% (101,228), and small business empoyers with 500 or more employees decreased 7.9% (2,963); the self employed category only decreased .5% (one-half of one percent) (379,818).  Even during the heart of the worst recession in the last 50 years the self-employed sector stayed strong for Arizona.  No doubt alot of out of work professionals turned their skills into a business, and created a job in the process.

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About maricopasbdc
Director of Maricopa Community Colleges SBDC, serving Maricopa County small businesses with free technical assistance, and seminars, training and other services.

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