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Economic Data from the Census Bureau A Case Study: Accessing Data for a Business Plan. New Mexico Data User Conference November 14, 2013 presented by: Andrew W. Hait U.S. Census Bureau. Presentation Outline. Our Scenario W hat information is available from Census?
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New Mexico Data User Conference
November 14, 2013
Andrew W. Hait
U.S. Census Bureau
An entrepreneur is interested in opening a day care center in NM. She is trying to find out what information is available (and how to get to it) that can help her understand this industry, develop a business plan, and identify a good place to locate her business.
What can we provide her?
The Industry Statistics Portal identifies the programs at the Census Bureau that provide data on a user selected industry that this entrepreneur might be able to use.
TheIndustry Snapshots (which are accessible from theIndustry Statistics Portal) present selected key statistics for an industry in a simple profile.
Using data from Census Bureau programs like County Business Patternscan help our entrepreneur identify potential counties in New Mexico that she might consider opening her new day care center in.
No surprise that social assistance services make up 64% of day care center receipts/revenue in NM…
…but government contributions, gifts, and grants is the second largest source of revenue at 17%
Of the total social assistance services revenue, day care services account for 56%, while programs make up 6% and other services make up the remaining 2%
The other types of data available from the Economic Census can help her understand other aspects of her industry at the national level
New Places and Metros
The data available from the Survey of Business Owners can help her understand the characteristics of business owners in her industry
Using the latest data from the Quarterly Services Survey Economic Indicator Report, our user can view the most recent data available for her industryto see how it has been performing lately.