The Census Bureau's new Annual Survey of Entrepreneurs is a welcome addition to business statistics, providing more timely information on U.S. businesses and business owners. Rather than waiting for economic census updates every five years, the new survey will provide economic and demographic characteristics of businesses and their owners annually in the years between the economic census—thanks to a public-private partnership with the Census Bureau, the Ewing Marion Kauffman Foundation, and the Minority Business Development Agency. Data on the characteristics of businesses and the gender, ethnicity, and race of business owners are available for the nation, states, and 50 largest metropolitan areas.
U.S. firms with paid employees by age of firm, 2014
Total firms: 5,437,782 (100.0%)
Less than 2 years: 481,981 (8.9%)
2 to 3 years: 723,679 (13.3%)
4 to 5 years: 519,712 (9.6%)
6 to 10 years: 1,146,177 (21.1%)
11 to 15 years: 2,398,315 (44.1%)
16 or more years: 167,917 (3.1%)
Source: Census Bureau, Annual Survey of Entrepreneurs
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