Thursday, December 21, 2006

The Small Business Economy

The following two pieces were provided through the courtesy of the Illinois Department of Commerce and Economic Opportunity.

The Small Business Economy: 2006

A new report issued by the Office of Advocacy of the U.S. Small Business Administration, "The Small Business Economy for Data Year 2005" examines the economic contributions of small business using data from a variety of

The report released before the National Economists Club in Washington, D.C, highlights some of the following:

** Business borrowing in 2005 was at an all-time high, and commercial banks expanded lending and eased lending standards in response to competition from non-bank lenders.

** Women’s contribution to business, using multiple data sources, the most recent show that women owned 6.5 million, or 28.2 percent, of non-farm firms. These firms employed 7.1 million workers with $173.7 billion in annual payroll.

** Three economic indicators key to an analysis of the economy’s performance—output, productivity, and unemployment—were up.

To obtain a copy of the report visit:, and the research summary
at Should you need further information, please feel free to contact Chad Moutray at (202) 205-6533 or .

Regional Asset Indicators

The Federal Reserve Bank of Kansas City has recently unveiled an excellent resource to assess regional innovation and entrepreneurship assets. The web site hosts a variety of interesting tools for judging how your region is performingon key economic and demographic factors.It includes spreadsheets and maps that track important categories such as innovation, creative workforce, humanamenities, wealth, infrastructure, and entrepreneurship. It also includes useful articles providing further informationon each of the indicator categories.To access the Federal Reserve Bank of Kansas City’s Regional Asset Indicators web page, visit

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