SUBSCRIBE
SUBSCRIBE
EXPLORE +
  • About infoDOCKET
  • Academic Libraries on LJ
  • Research on LJ
  • News on LJ
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Libraries
    • Academic Libraries
    • Government Libraries
    • National Libraries
    • Public Libraries
  • Companies (Publishers/Vendors)
    • EBSCO
    • Elsevier
    • Ex Libris
    • Frontiers
    • Gale
    • PLOS
    • Scholastic
  • New Resources
    • Dashboards
    • Data Files
    • Digital Collections
    • Digital Preservation
    • Interactive Tools
    • Maps
    • Other
    • Podcasts
    • Productivity
  • New Research
    • Conference Presentations
    • Journal Articles
    • Lecture
    • New Issue
    • Reports
  • Topics
    • Archives & Special Collections
    • Associations & Organizations
    • Awards
    • Funding
    • Interviews
    • Jobs
    • Management & Leadership
    • News
    • Patrons & Users
    • Preservation
    • Profiles
    • Publishing
    • Roundup
    • Scholarly Communications
      • Open Access

July 15, 2017 by Gary Price

New Data: 2015 Annual Survey of Entrepreneurs Published by U.S. Census

July 15, 2017 by Gary Price

From the United States Census:

Minority-owned employer firms in the United States increased by approximately 4.9 percent in 2015 to 996,248 from 949,318 in 2014, according to findings from the U.S. Census Bureau’s 2015 Annual Survey of Entrepreneurs.
Payroll and employment for minority-owned employer firms in the nation also increased from 2014 to 2015 by approximately 7.0 percent ($237.5 billion to $254.0 billion) and 6.2 percent (7.6 million to 8.0 million people employed), respectively. Receipts for minority-owned firms in 2015 were estimated at $1,168.5 billion — not statistically different from the 2014 total of $1,089.7 billion.
“California led all states in the number of minority-owned firms with approximately 228,148 (22.9 percent of the U.S. total of minority-owned firms) and the New York-Newark-Jersey City, NY-NJ-PA metropolitan area led the 50 most populous metropolitan statistical areas in the number of minority-owned firms (approximately 127,736 or 12.8 percent”), said Kimberly Moore, chief of the Economy-Wide Statistics Division.
More than one-quarter (14) of the 50 most populous metropolitan statistical areas had approximately 15,000 or more minority-owned employer businesses. About one-third of employer firms (34.6 percent) in the accommodation and food services sector were minority-owned.

U.S. Census: Most Firms Show Gains in 2015
Source: U.S. Census (2015 Annual Survey of Entrepreneurs)

About the Survey
The Annual Survey of Entrepreneurs provides a timely, demographic portrait of the nation’s employer businesses by gender, ethnicity, race and veteran status. The survey represents a public-private partnership between the Census Bureau, the Ewing Marion Kauffman Foundation and the Minority Business Development Agency.
Tables released today provide estimates on the number of firms, receipts, payroll and employment for the nation, states and the District of Columbia, and the 50 most populous metropolitan statistical areas. Firm size data are available by sales (e.g., the number of firms with sales/receipts of $1.0 million or more) and employment (e.g., the number of firms with 500 employees or more).
Ownership of firms by women increased by 3.0 percent from 2014 (to approximately 1.1 million in 2015). Payroll for women-owned firms also increased from $277.9 billion in 2014 to $293.1 billion in 2015 — a change of 5.5 percent. California led all states in the number of women-owned firms with approximately 140,817 (12.9 percent of all women-owned firms in the United States) and the New York-Newark-Jersey City, NY-NJ-PA metropolitan area led the 50 most populous metropolitan statistical areas in the number of women-owned firms (approximately 94,577, or 8.7 percent of all women-owned firms in the United States).
Additionally, about one-quarter (268,629, or 24.7 percent) of all women-owned employer firms were minority-owned. More than half (approximately 146,101 or 54.4 percent) of these minority women-owned firms were Asian-owned. Among all employer firms in the educational services, health care and social assistance, and other services sectors, women-owned firms represented a proportion of approximately 25.0 percent or more. Women-owned firms also accounted for receipts totaling $1,353.3 billion in 2015 — not statistically different from the 2014 receipts ($1,321.2 billion) for women-owned firms.
Meanwhile, veteran-owned employer firms decreased by 1.7 percent in 2015 (398,453) down from 405,235 in 2014. The New York-Newark-Jersey City, NY-NJ-PA metropolitan area led the 50 most populous metropolitan statistical areas in the number of veteran-owned firms (approximately 20,199 or 5.1 percent of all veteran-owned firms in the United States) — not statistically different than 2014.
Other highlights include:

  • Hawaii and California led all states in the percentage of all employer businesses that were minority-owned, at 55.9 percent and 32.6 percent, respectively. The remaining states (or equivalents) in which approximately 20.0 percent or more of employer businesses were minority-owned were Texas (27.0 percent), the District of Columbia (26.3 percent), Florida (24.3 percent), New Mexico (23.4 percent), New Jersey (23.1 percent), Maryland (22.8 percent), New York (22.5 percent), Virginia (21.4 percent), Georgia (20.4 percent) and Nevada (18.7 percent).
  • Of the 996,248 minority-owned firms with paid employees, more than half (530,406, or 53.2 percent) were Asian-owned.
  • About 14.3 percent of black- or African-American-owned employer businesses had been in business for less than two years, compared with 8.9 percent of all employer firms.
  • The nation’s firms employed an estimated 118.4 million people and generated $33.6 trillion in receipts. Annual payroll totaled $5.9 trillion.
  • Among all employer firms, approximately 33.0 percent (1,824,735) were in business 16 or more years with approximately 8.9 percent (492,912) in business less than two years.
  • About 1.5 million employer firms, or 26.5 percent, had receipts of $1.0 million or more. In contrast, 98,484 or 1.8 percent, had receipts of less than $10,000.
  • Sectors with the highest number of employer firms were professional, scientific and technical services (787,376); construction (652,561); retail trade (649,870); and health care and social assistance (640,655).
  • Among all minority-owned employer firms, the accommodation and food services sector was the largest at 175,682 (17.6 percent) firms.
  • Most firms had fewer than 10 employees (4.3 million, or 78.2 percent).

Each year’s release of the Annual Survey of Entrepreneurs contain a module focusing on a different topic.
This year’s survey highlights management practices.
Respondents were asked a series of questions about worker types and types of tasks performed by each worker type included in the 2015 Annual Survey of Entrepreneurs’ worksheet.
Module data also provide estimates on the following tasks by type of worker:

  • Procurement, logistics, and distribution.
  • Operations.
  • Marketing, sales and customer accounts.
  • Customer and after sales service.
  • Product or service development.
  • Technology and process development.
  • General management and firm infrastructure.
  • Human resources management.
  • Strategic management.

The statistics released through the Annual Survey of Entrepreneurs are not directly comparable to the Survey of Business Owners, which collects more detailed data on business characteristics and has significant differences in methodologies.
Note: Firms in this news release refer only to employer firms. The Annual Survey of Entrepreneurs does not distinguish between U.S. residents and nonresidents. Companies owned by other companies, foreign or domestic that have U.S. operations, are included in the category “Publicly held and other firms not classifiable by gender, ethnicity, race and veteran status.”
The Annual Survey of Entrepreneurs collected data from a sample of approximately 290,000 employer businesses that were in operation anytime during the survey year. The collected data in a sample survey are subject to sampling variability, as well as nonsampling errors. Sources of nonsampling errors include errors in response, nonreporting and coverage.

2015 Annual Survey of Entrepreneurs Data Resources

  • Company Summary 2015 Tables
  • Characteristics of Businesses: 2015 Tables
  • Characteristics of Business Owners: 2015 Tables
See Also: Direct to 2014 Annual Survey of Entrepreneurs and Data Tables

Filed under: Data Files, Management and Leadership, News

SHARE:

About Gary Price

Gary Price (gprice@gmail.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.

ADVERTISEMENT

Archives

Job Zone

ADVERTISEMENT

Related Infodocket Posts

Just Released: Calculators Now Emulated at The Internet Archive (The Calculator Drawer)

From an Internet Archive Blog Post by Jason Scott: It’s time to add another family of emulated older technology to the Internet Archive. The vast majority of platforms within what ...

Journal Article: "Crossref as a Bibliographic Discovery Tool in the Arts and Humanities"

The article linked below was recently published by Quantitative Science Studies. Title Crossref as a Bibliographic Discovery Tool in the Arts and Humanities Authors Ángel Borrego Universitat de Barcelona, Melcior ...

Montana: ImagineIF Trustees Hold Special Meeting on Library Security Concerns; Pennsylvania: Philly’s Free Library is Making Space for...

Colorado: Suspensions Increase at Pikes Peak Library District Under New Security Protocols (via The Gazette) Montana: ImagineIF Trustees Hold Special Meeting on Library Security Concerns (via Daily Inter Mountain) North ...

Not Real News: An Associated Press Roundup of Untrue Stories Shared Widely on Social Media This Week

From the Associated Press: A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were ...

Report: "Australian Authors to Receive Compensation for E-Book Loans for First Time"

From The Sydney Morning Herald: Authors, illustrators, and editors will be compensated for e-book and audiobook library borrowings for the first time, in a move by the federal government to ...

National Archives and Records Administration (NARA) Publishes Customer Research Agenda

From the National Archives and Records Administration (NARA): A draft Customer Research Agenda was open for public review and comment in October 2022. “We’re grateful for the feedback we received ...

Report: "A Watermark for Chatbots Can Expose Text Written by an AI"

From MIT Technology Review: Hidden patterns purposely buried in AI-generated texts could help identify them as such, allowing us to tell whether the words we’re reading are written by a ...

The Accessibility of Federal Information and Data: A Brief Overview of Section 508 of the Rehabilitation Act (Updated...

From the Congressional Research Service: Nearly one in four Americans has a disability, according to 2018 estimates from the U.S. Census Bureau. Congress has recognized that in addition to making ...

NY Times: "New York Public Library Acquires Joan Didion’s Papers"

From The NY Times: When [Joan] Didion died in 2021 at age 87, the news set off an outpouring of tributes to a writer who fused penetrating insight and idiosyncratic personal voice, ...

University of North Carolina at Chapel Hill: María Estorino Named Vice Provost for University Libraries and University Librarian

Below, Find the Full Text of a Letter Sent to the Carolina Community From Kevin M. Guskiewicz University of North Carolina at Chapel Hill Chancellor Kevin M. Guskiewicz and J. ...

Boston Public Library Celebrates Black History Month with Annual “Black Is…” Booklist & Special Events

From the Boston Public Library: The Boston Public Library is proud to contribute to the celebration of Black History Month with its annual “Black Is…” booklist. The booklist aims to commemorate ...

Research Resources: New Online Tool Provides Health Snapshot of All 435 U.S. Congressional Districts (Congressional District Health Dashboard)

From NYU Langone: Researchers at NYU Grossman School of Medicine, in partnership with the Robert Wood Johnson Foundation, unveiled the Congressional District Health Dashboard (CDHD), a new online tool that ...

ADVERTISEMENT

FOLLOW US ON TWITTER

Tweets by infoDOCKET

ADVERTISEMENT

This coverage is free for all visitors. Your support makes this possible.

This coverage is free for all visitors. Your support makes this possible.

Primary Sidebar

  • News
  • Reviews+
  • Technology
  • Programs+
  • Design
  • Leadership
  • People
  • COVID-19
  • Advocacy
  • Opinion
  • INFOdocket
  • Job Zone

Reviews+

  • Booklists
  • Prepub Alert
  • Book Pulse
  • Media
  • Readers' Advisory
  • Self-Published Books
  • Review Submissions
  • Review for LJ

Awards

  • Library of the Year
  • Librarian of the Year
  • Movers & Shakers 2022
  • Paralibrarian of the Year
  • Best Small Library
  • Marketer of the Year
  • All Awards Guidelines
  • Community Impact Prize

Resources

  • LJ Index/Star Libraries
  • Research
  • White Papers / Case Studies

Events & PD

  • Online Courses
  • In-Person Events
  • Virtual Events
  • Webcasts
  • About Us
  • Contact Us
  • Advertise
  • Subscribe
  • Media Inquiries
  • Newsletter Sign Up
  • Submit Features/News
  • Data Privacy
  • Terms of Use
  • Terms of Sale
  • FAQs
  • Careers at MSI


© 2023 Library Journal. All rights reserved.


© 2022 Library Journal. All rights reserved.