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Mapping Small Business Success Across America Insights from Recent Growth Trends Episode

Mapping Small Business Success Across America Insights from Recent Growth Trends

· 01:50

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The article analyzes small business growth across the United States, highlighting where small businesses are thriving and where they are lagging, based on US Census data from 2020 to 2021. It reveals significant variances in small business success among different states and metropolitan areas. Idaho leads with a 6.55 percent increase in small businesses, followed by Delaware at 5.55 percent. In contrast, West Virginia experienced no growth, and New York saw a slight decline of 0.05 percent. LaGrange, Georgia, emerges as the top metropolitan area for growth at 19.85 percent, while Sheridan County, Wyoming, tops the county list with a remarkable 21.51 percent increase.

Key Points:

  • Average of 430,000 new business applications per month in the US for 2024.
  • Small business growth data analyzed from 2020 to 2021, focusing on businesses with fewer than 500 employees.
  • Idaho experienced the highest growth at 6.55%, followed by Delaware at 5.55%.
  • West Virginia had no growth, while New York recorded a slight decrease of 0.05%.
  • LaGrange, Georgia, had the greatest metropolitan area increase at 19.85%.
  • Sheridan County, Wyoming, topped the county list with a 21.51% growth in small businesses.
    Link to Article

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