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Dallas Small Business Economy

Dallas Small Business Economy. Strengthening the Economy by Strengthening Microbusiness: A North Texas Forum January 31, 2012. DFW small business economy. 4 th largest labor market in the U.S. 661,000 establishments 3 rd in self employment share – one in six workers are self employed

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Dallas Small Business Economy

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  1. Dallas Small Business Economy Strengthening the Economy by Strengthening Microbusiness: A North Texas Forum January 31, 2012

  2. DFW small business economy • 4th largest labor market in the U.S. • 661,000 establishments • 3rd in self employment share – one in six workers are self employed • 9th in share by microbusiness (1-4 employees) • Approximately 49,000 new businesses start each year, 19,000 in City of Dallas Source: City of Dallas Office of Economic Development analysis of U.S. Census Bureau and Bureau of Labor Statistics data.

  3. Business size (by employment) Share of total establishments Employees Source: City of Dallas Office of Economic Development analysis of U.S. Census Bureau data.

  4. Tougher employment recessions Months to employment recovery Seven Recession Average Year Recession Started Source: City of Dallas analysis of Calculatedrisk.org information.

  5. Job growth since 2004 (DFW Metro Area) Total growth in positions Source: City of Dallas analysis of U.S. Census Bureau data and Bureau of Labor Statistics data.

  6. Annual job growth (before and after the recession) Compound annual change Source: City of Dallas analysis of U.S. Census Bureau data and Bureau of Labor Statistics data.

  7. Income (before and after the recession) Per self employed establishment and payroll worker Source: City of Dallas analysis of U.S. Census Bureau data and Bureau of Labor Statistics data.

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