Friday, January 17, 2014Tweet
[IWS] SBA: DEMOGRAPHIC CHARACTERISTICS OF BUSINESS OWNERS [16 January 2014]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
Small Business Administration (SBA)
Office of Advocacy
ISSUE BRIEF No. 2
Demographic Characteristics of Business Owners [16 January 2014]
By Jules Lichtenstein
[full-text, 3 pages]
The composition of U.S. business owners shifted slightly between 2007 and 2012. During this five-year period, the share of minority and Hispanic business owners had a moderate increase. These changes largely reflect the growth of Hispanics and minorities in the overall U.S. population and workforce. Meanwhile, women’s business ownership rates were stable.
Business owner characteristics and the economic and business environment are changing. Small business owners and entrepreneurs make important contributions to business creation and growth in America’s economy. Understanding the characteristics of business owners and their businesses is important for measuring the economy’s overall well-being. This Issue Brief examines the demographic composition of business owners in 2012 (during the economic recovery) as compared to 2007 (just preceding the Great Recession).
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Links to this post: