Friday, January 17, 2014
Tweet[IWS] SBA: DEMOGRAPHIC CHARACTERISTICS OF BUSINESS OWNERS [16 January 2014]
IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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Small Business Administration (SBA)
Office of Advocacy
ISSUE BRIEF No. 2
Demographic Characteristics of Business Owners [16 January 2014]
By Jules Lichtenstein
http://www.sba.gov/sites/default/files/Issue%20Brief%202,%20Business%20Owner%20Demographics.pdf
[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).
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