U.S. Census Bureau Reports Mom & Pop Business Development is Up Beat Adding Nearly 245,000 to U.S. Economy in 2012


I was recently invited by community advocate and author, Kelvin De’Marcus Allen to moderate the first panel discussion in an ongoing series  organized by The Beulah Project: a local non-for-profit organization interested in stimulating grassroots civic support systems and job creation efforts in Durham, North Carolina called, “Move Durham Forward!”.

Among the brilliant panelists, Katie Gailes an entrepreneurial coach and trainer mentioned (in so many words…) that the precious American ‘entrepreneurial spirit’ must be encouraged and even bred… back into people of all ages to assure community and personal survival — just like the appetite for educational attainment was bred — into the enormous numbers of families of black people who had not had access to post-secondary educations prior the Civil Rights landmark decisions  in 1950’s.

The following information indicates that America is…thinking about rebuilding our U.S. Economy by holding jobs and working side businesses!

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The number of businesses without paid employees in the U.S. reached 22.7 million in 2012, up 1.1 percent from 2011, according to statistics released today by the U.S. Census Bureau.

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This marks the third straight annual increase in nonemployer businesses, which are businesses with no paid employees, annual business receipts of $1,000 or more ($1 or more in the construction sector) and are subject to federal income taxes.

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Nearly all industry sectors that make up nonemployer businesses experienced growth in the number of establishments and receipts, according to findings from the report released today. Nonemployer Statistics: 2012 includes data on nearly 450 industries in metropolitan areas, counties, states and nationwide.

“Nonemployer businesses represent entrepreneurship in perhaps its purest form, including the classic ‘mom and pop’ shops and people running businesses out of their homes,” said William Bostic Jr., the associate director for economic programs at the Census Bureau.

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This release covers 19.6 million sole proprietorships, 1.4 million corporations and 1.7 million partnerships, which account for the total number of

nonemployer businesses.

Read More…

http://www.census.gov/newsroom/releases/archives/business_ownership/cb14-76.html>

Move Durham Forward info…

http://wp.me/p1NNKQ-1hP

The Beulah Project

http://www.beulahproject.org/

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Categories Business, Durham, U.S. CensusTags , , , , , , ,

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