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Profile of US Data Sources on Entrepreneurship

Profile of US Data Sources on Entrepreneurship. Richard Clayton and Jim Spletzer US Bureau of Labor Statistics OECD Entrepreneurship Indicators Steering Group Rome, Italy December 5, 2006. Entrepreneurship. “engine of growth” Social and economic freedom, self-determination

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Profile of US Data Sources on Entrepreneurship

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  1. Profile of US Data Sources on Entrepreneurship Richard Clayton and Jim Spletzer US Bureau of Labor Statistics OECD Entrepreneurship Indicators Steering Group Rome, Italy December 5, 2006

  2. Entrepreneurship • “engine of growth” • Social and economic freedom, self-determination • Must replace business deaths • Must maintain economic vitality • Nationally • Locally • Geographic competition in US is growing • International implications

  3. Goals of this paper • To collect existing sources • To profile their characteristics • To provide a platform for identifying strengths and weaknesses • To help identify gaps • Hopefully, seek ways to fill those gaps

  4. Desired Characteristics of Entrepreneurship Data • Accurate, timely, relevant • Detailed by industry • Detailed by geography • Business coverage • Household/demographic coverage • Longitudinally linked • Satisfies users

  5. Uses and Users • Users are at all levels: • National, state, local – public and private • User Goals • Understand current environment • Seek ways to intervene or influence the economic and social environment • Tax and other policies • Incentives • Support start ups • Incubators, science parks, • Aid with financing

  6. Users: Examples • Small Business Administration • National Governor’s Association • National Association of Counties • States: “Enterprise Florida” • Counties: “Fairfax County Economic Development Authority” • $6.4 M, 34 staff • 5 countries • Incubators, training, support • Key: how to maintain the level of start ups • How to help small businesses survive

  7. BLS Data Sources

  8. Census Bureau and Small Business Administration Data Sources

  9. Other Federal Government Data Sources

  10. Kauffman Foundation Data Sources

  11. Other Non-Government Data Sources

  12. Strengths and Weaknesses • Each has benefits and weaknesses • Tax-based and population census-based sources are comprehensive geographically and industrially • Few sources are current • Few sources are longitudinal

  13. Summary of Profile • Wide array of data sources exist • Most business sources are government tax-based sources, thus comprehensive • Most household sources are from population censuses or small surveys • Most are government with Kauffman Foundation, D&B most notable from private sector • Some answer to most questions can be found with sufficient investigation

  14. Data Challenges • Study of Entrepreneurship teaches us about “creative destruction” • Never ending seeking of better products and services • Providing data is similar: • Users always ask new questions • Users always want to follow new ideas and want data/information to aid in this

  15. Number of Openings/Births

  16. Employment of Openings/Births

  17. Business Survival

  18. Survival by Industry

  19. Next Steps • We will expand this to cover other international sources • Include more detailed data definitions and examples of the resulting data • Develop a profile of how each data element and data source is used to answer questions

  20. More Next Steps • Look for opportunities to: • Contact more users (state and local) • Merge existing data into more useable formats • Expand on existing sources • Identify gaps • Seek new collections to augment and fulfill gaps • Look to List of Potential Entrepreneurship Indicators (see Davis)

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