A new report has discovered how small businesses in certain areas of the United States “are booming”.
A county in Pennsylvania illustrates exactly this.
Produced and published by On the bridgePike County leads the Keystone State in small business growth. According to census data, the region saw these businesses increase by 5.23% over a one-year period.
Pennsylvania as a whole saw a 1.27 percent year-over-year increase in the number of small businesses. The fastest growing state – Idaho – saw an increase of 6.55 percent.
“This follows a quarter-century growth trend during which small business employment increased by 48.7 percent. exceeding the national rate, according to the U.S. Small Business Administration,” the report said.
“Idaho has the lowest labor costs, ranking eighth. The state enjoys a moderate job market where people have money to spend, but there is enough competition for employment for Idaho’s small businesses to avoid the recruiting nightmares faced other regions have faced this in recent years.
On the other end of the spectrum is West Virginia, which has seen approximately zero percent industry growth.