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