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

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Presentation on theme: "Dallas Small Business Economy Strengthening the Economy by Strengthening Microbusiness: A North Texas Forum January 31, 2012."— Presentation transcript:

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

2 2 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 –9 th 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 3 Business size (by employment) Employees Share of total establishments Source: City of Dallas Office of Economic Development analysis of U.S. Census Bureau data.

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

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

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

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


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