Wednesday, April 11, 2012

Washington No. 2 in East Coast small-business rankings

Washington has the third-strongest small-business sector in the Eastern United States, according to the latest annual ratings by On Numbers.

Washington has the third strongest small business sector in the Eastern United States, according to the latest annual ratings by On Numbers.

Pittsburgh topped this year's list of East Coast cities, followed by New York City, D.C., Rochester and Albany, N.Y.

On Numbers, a numbers-centric blog produced by Bizjournals.com, uses a six-part formula to rate the small-business climates in 21 major Eastern metros. (A small business is defined as any private-sector employer with fewer than 100 workers.)

These are the factors that are considered: five-year population growth, five- and one-year private-sector employment growth, concentration of small businesses per 1,000 residents, one-year change in that concentration, and one-year growth in the number of small businesses.

The following database contains the top-to-bottom rankings of Eastern markets, along with selected statistics. It can be re-sorted by any category. Just click the appropriate header.

Pittsburgh is the only Eastern market to register an employment gain over the past five years, expanding its job base by 2.1 percent.

At the bottom of the Eastern standings is Springfield, Mass., which has suffered a 5.7 percent drop in private-sector employment during the past five years.


SMALL BUSINESS RANKINGS FOR EASTERN MARKETS (2012)

Washington has the third strongest small business sector in the Eastern United States, according to the latest annual ratings by On Numbers.

Pittsburgh topped this year's list of East Coast cities, followed by New York City, D.C., Rochester and Albany, N.Y.

On Numbers, a numbers-centric blog produced by Bizjournals.com, uses a six-part formula to rate the small-business climates in 21 major Eastern metros. (A small business is defined as any private-sector employer with fewer than 100 workers.)

These are the factors that are considered: five-year population growth, five- and one-year private-sector employment growth, concentration of small businesses per 1,000 residents, one-year change in that concentration, and one-year growth in the number of small businesses.

The following database contains the top-to-bottom rankings of Eastern markets, along with selected statistics. It can be re-sorted by any category. Just click the appropriate header.

Pittsburgh is the only Eastern market to register an employment gain over the past five years, expanding its job base by 2.1 percent.

At the bottom of the Eastern standings is Springfield, Mass., which has suffered a 5.7 percent drop in private-sector employment during the past five years.


SMALL BUSINESS RANKINGS FOR EASTERN MARKETS (2012)

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