Small Business Facts: Establishment Dynamics
In 2018, openings of establishments with employees surpassed one million for the first time. Annual openings have exceeded closings for eight consecutive years. The states of Washington, South Carolina, and Idaho experienced the highest rates of net growth in the number of establishments. Puerto Rico, which experienced a 5.1 percent net loss of establishments in 2017, grew at a rate of 4.2 percent in 2018. Read “Small Business Facts: Establishment Dynamics” to learn more.