U.S. Census Bureau Daily Feature for March 29

WASHINGTON, March 29, 2015 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:

MOM AND POP BUSINESSES

Profile America — Sunday, March 29th. While openings of a major department store or a branch of a big-box chain are often welcomed by shoppers and communities, they are also the cause of some concern. Small local businesses face greater competition, yet those small businesses are an outsized engine of economic growth. Additionally, they are important distinguishing features in local communities. That's why today is Mom and Pop Business Owners Day. In 2008, there were nearly 27 million business firms in the U.S.  Over 21 million, or about 75 percent, of domestic businesses are without paid employees, with an additional 3.6 million enterprises having four or fewer workers. These small firms do around $1 trillion in annual business. You can find current data on the country's economy by downloading the America's Economy mobile app at www.census.gov/mobile.

Sources:
Occasion: https://upto.com/un-observances/mom-and-pop-business-owners-day-2015-03-29-00-00     
Non-employer & small firm number and revenue: http://www.census.gov/econ/smallbus.html#EmpSize

Profile America is produced by the Center for New Media and Promotions of the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Multimedia Gallery" by the "Newsroom" button). 

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SOURCE U.S. Census Bureau

Related Links

http://www.census.gov