Census Bureau Economic Data for New Mexico Business / Industry Data Sets New Mexico SDC/BIDC Affiliates Workshop November 12, 2014 Presented by: Andy Hait U.S. Census Bureau

Outline  Census Bureau Economic Programs at a Glance  Using Economic Data in AFF to Promote Economic Development  What are we good at, and how can we continue to promote this and related businesses?  What are we not so good at and how can we improve?  How can we help businesses succeed?

Census Economic Data  Monthly and Quarterly Data  Leading Economic Indicators, like Monthly Retail Sales  Annual Data  County Business Patterns  Nonemployer Statistics  The Economic Census and Related Programs

Our Scenario  Interested in creating a comprehensive profile of the Albuquerque economy to help promote economic development.  Latest data for employer businesses (CBP & EC)  Impact/importance of small businesses (NS)  Impact/importance of minority-, women-, and veteran- owned businesses (SBO)

American FactFinder

Finding the latest data available for Atlanta businesses 2 steps using the Advanced Search  Select the Geography  Select the Industries

Employer Businesses  Covered by most Census Bureau economic programs (and most other sources)  Make up only 25% of all US businesses but over 96% of GDP  The primary engine that drives the US economy

The Results

Employer Businesses Employer Businesses in Bernalillo County, New Mexico: 2012 and NAICS code Meaning of 2012 NAICS code Number of establishme nts Paid employees for pay period including March 12 (number) Annual payroll ($1,000) Annual payroll per employee ($) Number of establishme nts (Change ) Paid employees for pay period including March 12 (number) (Change ) Annual payroll ($1,000) (Change ) Annual payroll per employee ($) (Change ) 0Total for all sectors15,810249,0719,420,09137,821-1,088-16, ,7911,116 11Agriculture, forestry, fishing and hunting10203,063153, ,529135,924 21Mining, quarrying, and oil and gas extraction ,06759, ,42913,842 22Utilities18gD 1 23Construction1,35415,799708,82944, , ,5465, Manufacturing57812,355598,30248, , ,0175,510 42Wholesale trade91412,065564,12246, ,271-16,6293, Retail trade2,09034,036876,75725, ,971-75, Transportation and warehousing3326,064240,19139, ,4462,883 51Information2746,715304,59645, ,5817,382 52Finance and insurance1,00810,701616,83057, , ,999-25,324 53Real estate and rental and leasing9174,188148,48235, ,9475,820 54Professional, scientific, and technical services2,22118,8981,109,95758, ,813-97,0873,138 55Management of companies and enterprises1254,611265,79157, ,036-2, Administrative and support and waste management and remediation services 73915,772444,26928, ,023-52,8661,718 61Educational services27712,207397,83932,59177,785280,6556,091 62Health care and social assistance1,89947,0172,107,50244, ,577408,5023,825 71Arts, entertainment, and recreation2094,51995,75321,1896-1,287-34,099-1,176 72Accommodation and food services1,38331,189487,38715,627541,31471,2191,697 81Other services (except public administration)1,43211,232300,97626, ,1512,135 99Industries not classified11a251 -4

Nonemployer Businesses  Only covered by a few Census Bureau economic programs (not covered by most other sources)  Make up 75% of all US businesses but less than 4% of GDP  A key engine that drives the economic growth

Back to the Results

Small Businesses Nonemployer Businesses in Bernalillo County, New Mexico: 2012 and NAICS code Meaning of 2012 NAICS code Number of nonemployer establishments Receipts ($1,000) Receipts per Establishment ($1,000) Number of nonemployer establishments (Change ) Receipts ($1,000) (Change ) Receipts per Establishment ($1,000) (Change ) 0Total for all sectors39,1011,547,00239, ,533-1,591 11Agriculture, forestry, fishing and hunting1555,88137,942371, Mining, quarrying, and oil and gas extraction221,37162, ,747 22Utilities262208, ,094 23Construction2,940142,85648, ,921-7, Manufacturing70625,61536, ,933-4,449 42Wholesale trade70848,40468, ,754-4, Retail trade3,451139,18640, ,378-5, Transportation and warehousing96960,47562, ,4071,570 51Information60516,22326,81512,2283,644 52Finance and insurance1,41487,34261, ,1458,973 53Real estate and rental and leasing4,518399,78888, ,494 54Professional, scientific, and technical services6,523232,18635, , Administrative and support and waste management and remediation services2,88553,85618, ,692-3,090 61Educational services1,61421,12813, , Health care and social assistance3,935110,28428, ,4651,275 71Arts, entertainment, and recreation2,83344,65015, ,115-1,055 72Accommodation and food services42020,54348,9121-3,353-8,119 81Other services (except public administration)5,377136,99425, ,074-1,864

How about ZIP Codes?

Employer Businesses by ZIP All Employer Businesses (NAICS 00) in Albuquerque ZIP Codes: 2012 Geographic area name Number of establishments Paid employees for pay period including March 12 (number) First-quarter payroll ($1,000) Annual payroll ($1,000) Annual payroll per employee ($) ZIP (Corrales, NM)1801,0136,85229,663 29,282 ZIP (Albuquerque, NM)1,29219,957207,278852,550 42,719 ZIP (Albuquerque, NM)3804,13830,519126,933 30,675 ZIP (Albuquerque, NM)6489,12062,815270,348 29,643 ZIP (Albuquerque, NM)78931,121347,5391,436,627 46,163 ZIP (Albuquerque, NM)1,67327,038249,2311,014,324 37,515 ZIP (Albuquerque, NM)74712,242146,388542,327 44,301 ZIP (Albuquerque, NM)2,00238,386366,7171,531,308 39,892 ZIP (Albuquerque, NM)2,08828,115251,0551,050,266 37,356 ZIP (Albuquerque, NM)1,0209,54963,720265,432 27,797 ZIP (Albuquerque, NM)8868,74159,391235,968 26,996 ZIP (Albuquerque, NM)76016,147168,828673,219 41,693 ZIP (Albuquerque, NM)87711,96276,465311,563 26,046 ZIP (Albuquerque, NM) ,109 44,663 ZIP (Kirtland Afb, NM)661,01112,15347,555 47,038 ZIP (Albuquerque, NM)6116,64142,233176,043 26,509 ZIP (Albuquerque, NM)4567,83765,797249,527 31,840 ZIP (Albuquerque, NM)3382,21415,40167,907 30,672 ZIP (Albuquerque, NM)5898,66478,306328,013 37,859

Employer Businesses by ZIP by Size

What about Revenue data?

Economy-Wide Key Statistics Employer Businesses in Albuquerque city, New Mexico: NAICS code Meaning of 2007 NAICS code Number of establishments Value of sales, shipments, receipts, revenue, or business done ($1,000) Annual payroll ($1,000) Number of paid employees for pay period including March 12 Value of sales, shipments, receipts, revenue, or business done per Establishment ($1,000) Value of sales, shipments, receipts, revenue, or business done per Employee ($) Value of sales, shipments, receipts, revenue, or business done per $ of Payroll ($) 31-33Manufacturing5593,779,175653,26714,7616,761256, Wholesale trade7355,165,613433,31210,4907,028492, Retail trade2,0308,951,696858,96034,9234,410256, Information316N292,0378,179 53Real estate and rental and leasing886848,539144,3634, , Professional, scientific, and technical services2,0452,459,1281,049,28119,1851,203128, Administrative and support and waste management and remediation services 7221,120,898598,95527,6721,55240, Educational services17096,28233,6521, , Health care and social assistance1,5953,889,6501,692,13841,3062,43994, Arts, entertainment, and recreation182509,52863,5963,4902,800145, Accommodation and food services1,2221,321,604386,75828,1561,08246, Other services (except public administration)979625,830198,7647, ,9623

Minority-, Women-, and Veteran- Owned Businesses  Covered by one Census Bureau economic program (not covered by most other sources)  Share of businesses varies widely by industry and geography  A key engine that drives the economic growth

The Results

Data by Race All Employer and Nonemployer Businesses in Bernalillo County, New Mexico by Race: 2007 Meaning of Race code Number of firms with or without paid employees Sales, receipts, or value of shipments of firms with or without paid employees ($1,000) Number of firms with paid employees Sales, receipts, or value of shipments of firms with paid employees ($1,000) Number of paid employees for pay period including March 12 Annual payroll ($1,000) Number of firms without paid employees Sales, receipts, or value of shipments of firms without paid employees ($1,000) All firms53,23552,893,74113,16551,277,116260,7288,790,06340,0701,616,626 White46,17620,748,78110,26419,338,775131,8644,163,75235,9121,410,005 Black or African American960330, ,1491,02740, ,294 American Indian and Alaska Native1,378294, ,0141,53452,3241,24440,535 Asian1,893615, ,1944,446120,2011,39446,314 Native Hawaiian and Other Pacific IslanderSSSSSSSS Some other race14420,452919,054891,723SS Minority16,3324,347,8432,7603,929,90429,304848,35013,572417,939 Equally minority/nonminority2,381558, ,1255,634132,2681,82579,158 Nonminority31,83917,024,0047,69616,002,195104,0343,394,66524,1431,021,809 All firms classifiable by gender, ethnicity, race, and veteran status50,55221,930,13011,01220,411,224138,9724,375,28439,5401,518,906 Publicly held and other firms not classifiable by gender, ethnicity, race, and veteran status2,68330,963,6112,15430,865,892121,7574,414, ,719

Data by Ethnicity All Employer and Nonemployer Businesses in Bernalillo County, New Mexico by Ethnicity: 2007 Meaning of Ethnicity code Number of firms with or without paid employees Sales, receipts, or value of shipments of firms with or without paid employees ($1,000) Number of firms with paid employees Sales, receipts, or value of shipments of firms with paid employees ($1,000) Number of paid employees for pay period including March 12 Annual payroll ($1,000) Number of firms without paid employees Sales, receipts, or value of shipments of firms without paid employees ($1,000) All firms53,23552,893,74113,16551,277,116260,7288,790,06340,0701,616,626 Hispanic12,7993,233,8622,0932,897,69622,775637,13510,706336,166 Equally Hispanic/non-Hispanic1,829531, ,6715,518129,8351,29864,239 Non-Hispanic35,92418,164,3588,38817,045,856110,6793,608,31427,5361,118,502 All firms classifiable by gender, ethnicity, race, and veteran status50,55221,930,13011,01220,411,224138,9724,375,28439,5401,518,906 Publicly held and other firms not classifiable by gender, ethnicity, race, and veteran status2,68330,963,6112,15430,865,892121,7574,414, ,719

Data by Gender All Employer and Nonemployer Businesses in Bernalillo County, New Mexico by Gender: 2007 Meaning of Gender code Number of firms with or without paid employees Sales, receipts, or value of shipments of firms with or without paid employees ($1,000) Number of firms with paid employees Sales, receipts, or value of shipments of firms with paid employees ($1,000) Number of paid employees for pay period including March 12 Annual payroll ($1,000) Number of firms without paid employees Sales, receipts, or value of shipments of firms without paid employees ($1,000) All firms53,23552,893,74113,16551,277,116260,7288,790,06340,0701,616,626 Female-owned16,7522,886,7332,0302,471,61718,414508,13014,722415,116 Male-owned22,73215,583,4336,12714,839,89492,5713,068,65216,605743,538 Equally male-/female-owned11,0683,459,9652,8553,099,71327,987798,5038,213360,252 All firms classifiable by gender, ethnicity, race, and veteran status50,55221,930,13011,01220,411,224138,9724,375,28439,5401,518,906 Publicly held and other firms not classifiable by gender, ethnicity, race, and veteran status2,68330,963,6112,15430,865,892121,7574,414, ,719

So… What Else?  Drill down to more detailed industries  Detailed industries within each sector  Compare to other geographies  County to neighboring counties  County to metro area  County to state  Economic Places within county  Merge in demographic data  Per capita calculations

Other Data Tools

Summary  A wealth of data available from Census Bureau Economic Programs  AFF is a powerful data extraction tool, but manipulating the data can help see interesting patterns and facts in the data  Using these data can help spur economic development by helping us understand the local economy

Questions?

Andy Hait (301)