Business Creation Rate

Business Creation rate is the change in total businesses year-over-year.

Source: QCEW, Census Bureau. Date of last available data: 4th quarter 2016.

The year-over-year percent change in the business creation rate has been negative since 2008, with the exclusion of 2014 and 2016, meaning this facet of Richland County’s economy has yet to have a stable economic recovery.

Business Creation rate is the change in total businesses year-over-year.

The business creation rate gives a sense for the business turnover. A positive number shows increasing entrepreneurial activity.

Green: Year-over-year increase >1%
Yellow: Year-over-year ± of 1%
Red: Year-over-year decrease >1%

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Address

181 S Main St
Mansfield, OH 44902

Contact

P: (419) 525-3020
bgroves@rcfoundation.org

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