U.S.Census Bureau: Small Businesses Stalling - WTVM.com-Columbus, GA News Weather & Sports

U.S.Census Bureau: Small Businesses Stalling

COLUMBUS, GA (WTVM) -

Fewer entrepreneurs are stepping out on their own than ever before. A new report from the U.S. Census Bureau shows the number of startup businesses has hit an all-time low.

The 2010 analysis found that young firms—those five years or younger account for less than 35% of all businesses compared to the early 1980s, that's a 50 percent decrease in the number of startup businesses. New companies created 40 percent of new jobs during that time period.

In 2010, that same number dropped to about 30 percent. Overall, new companies fell below 8 percent in 2010 with more than 390,000 new companies and created $2.3 million jobs while the private sector lost $1.8 million jobs in 2010.

On average, researchers found that small companies hire less than 10 workers.

Copyright 2012 WTVM. All rights reserved. 

  • LocalMore>>

  • Chattahoochee Valley Weekend goes behind the scenes of 'My Brother's Keeper'

    Chattahoochee Valley Weekend goes behind the scenes of 'My Brother's Keeper'

    Tuesday, June 19 2018 10:14 AM EDT2018-06-19 14:14:02 GMT
    News Leader 9 got a behind-the-scenes look as they shot scenes of “My Brother’s Keeper” at Midtown Coffee House on Monday. (Source: WTVM)News Leader 9 got a behind-the-scenes look as they shot scenes of “My Brother’s Keeper” at Midtown Coffee House on Monday. (Source: WTVM)

    A movie crew has been in Columbus for the past few weeks making a faith-based film. 

    More >>

    A movie crew has been in Columbus for the past few weeks making a faith-based film. 

    More >>
  • Neighbors express concern following deadly shooting on 3rd Ave. in Columbus

    Neighbors express concern following deadly shooting on 3rd Ave. in Columbus

    Tuesday, June 19 2018 12:06 AM EDT2018-06-19 04:06:52 GMT
    Hours after a man was shot and killed in Columbus neighbors expressed concern about the violence. ( Source: WTVM))Hours after a man was shot and killed in Columbus neighbors expressed concern about the violence. ( Source: WTVM))
    Hours after a man was shot and killed in Columbus neighbors expressed concern about the violence. ( Source: WTVM))Hours after a man was shot and killed in Columbus neighbors expressed concern about the violence. ( Source: WTVM))

    The victim in a shooting on the 500 block of Third Street has been identified as Jermaine Williams. Columbus Police says the victim was taken to the Columbus Piedmont Hospital where he was later pronounced dead. Those in the area says it shouldn’t have happened. “I’m sorry for the lost and I hate that this happened but the gun violence and all this has to stop. It really does,” says long-time resident Lashumba Jones. Columbus police say a dispute between two ...

    More >>

    The victim in a shooting on the 500 block of Third Street has been identified as Jermaine Williams. Columbus Police says the victim was taken to the Columbus Piedmont Hospital where he was later pronounced dead. Those in the area says it shouldn’t have happened. “I’m sorry for the lost and I hate that this happened but the gun violence and all this has to stop. It really does,” says long-time resident Lashumba Jones. Columbus police say a dispute between two ...

    More >>
  • UPDATE: Victim has been identified in fatal shooting on 3rd Ave.

    UPDATE: Victim has been identified in fatal shooting on 3rd Ave.

    Monday, June 18 2018 11:15 PM EDT2018-06-19 03:15:57 GMT
    A fatal shooting has been confirmed on 3rd Ave. (Source: Rico Mitchell/WTVM)A fatal shooting has been confirmed on 3rd Ave. (Source: Rico Mitchell/WTVM)

    The Columbus Police Department has confirmed that they are investigating a fatal shooting on the 500 block of 3rd Ave. 

    More >>

    The Columbus Police Department has confirmed that they are investigating a fatal shooting on the 500 block of 3rd Ave. 

    More >>
Powered by Frankly