Small Business Activity on the Rise in Georgia

Date: January 05, 2016 Last Edit: January 06, 2016

Georgia ranked high in one part of a new study.

Main Street businesses—in Georgia and nationwide—made a comeback in 2015, according to a recent report from the Kauffman Foundation.

The 2015 Kauffman Main Street Entrepreneurship Index analyzed small business activity in two ways: the percentage of business owners in the overall population and the ratio of established small businesses divided by an area’s total population. And in all but one state, as well as 38 of the 40 largest metropolitan areas, the Kauffman Index found small business activity to be on the rise in 2015.

Georgia ranked 40th in startup activity and 20th in main street entrepreneurship (established businesses) among larger states. Of the state’s total population, 5.83 percent own a business as their main job, and there are 850.9 established small businesses—companies older than five years employing fewer than 50 people—per 100,000 residents.

Atlanta, one of the metro areas studied, also experienced an increase in small business activity in 2015. It ranked 13th for startup activity and 27th for established business activity.

“Following a post-recession downward and stagnant trend in small business activity, we’re now seeing Main Street Entrepreneurship begin to rise,” E.J. Reedy, director of Research and Policy at the Kauffman Foundation, says in the report’s news release. “This obviously is good news given that these small businesses make up 63 percent of all employer firms nationally.”

Click here to view the full report.

Related Content: Small Business News | Economy | Georgia

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