Abstract
This report provides a broad index measure of small local business activity in the United States. It presents an equally weighted index of two normalized measures of small and local business activity: 1. The Rate of Business Owners in the economy, calculated as the percentage of adults who own a business on average, per year.2. The Established Small Business Density of a region, measured as the number of established (older than five years) small employer businesses (with less than fifty employees) normalized by population.
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