Small businesses across the United States face dire circumstances following the COVID-19 outbreak.
While small businesses are a critical component of the national economy, some parts of the country depend more on small businesses than others. To find the metropolitan areas with the smallest businesses, researchers at Construction Coverage, a review website for workers’ compensation insurance and construction software, analyzed the latest data from the U.S. Census Bureau. Researchers also included statistics on the total number of small businesses, the number of retail, accommodation, and food service businesses, and the share of workers who are self-employed. For the analysis, small businesses were defined as those employing fewer than 50 workers.
The analysis found that the Tullahoma-Manchester metropolitan area is home to 1,922 small businesses, which is 1.84 for every 100 residents. Number of retail, accommodation and food service small businesses: 577. Share of workers that are self-employed: 12.5% and the population considered was 104,410.
