Tuesday, November 09, 2004
Mom and Pop Businesses
Data from the 2002 Economic Census are beginning to come in (www.census.gov). Preliminary results show that sales by "Mom and Pop"(nonemployer firms) grew faster than sales by firms that employ others, 32% vs 21% (current dollars, 1997-2002). The phenomenon was seen in Manufacturing, Finance and Insurance, Real Estate, Adminstrative Support, Educational Services, Arts and Entertainment, Accommodation and Food Services, and Other Services.
Many of these enterprises are immigrants being productive and competitive. Coming to a Red County near you.
