Issue Brief: Small Businesses in Southwest Florida
Small businesses are typically considered the main driver of local economies. They play a vital role in the development, growth and sustainability of any economy. A small business represents the beginning of a journey for many entrepreneurs, looking to anticipate the demands of consumers and bring new products to market. Many well-known companies all began as small enterprises, including Google, Amazon and Apple.
In this issue brief, we take information from the Quarterly Workforce Indicators (QWI) dataset and dig deeper to illustrate the relative importance of small business in Southwest Florida .
Main findings from the Issue Brief include:
- Since 2010, small business in Southwest Florida has represented 23 to 26 percent of total employment for the region.
- The three industries with the largest share of employment from small businesses included other services, real estate and rental and leasing, and professional, scientific, and technical services.
- Among small businesses, the industries with the highest turnover rate were accommodation and food services, agriculture, forestry fishing and hunting, and transportation and warehousing.
Download the latest Issue Brief for more information.