It has been said the U.S. is the land of opportunity, and according to Score’s, The Megaphone of Main Street: Unsung Entrepreneurs, it still holds true. The report in this week’s roundup reveals 20% of All US Business Owners are First-Generation Immigrants. And when you take into account only 13% of the U.S. population are first-generation immigrants, it is impressive.
Another group that dominates business ownership in the U.S. is people over the age of 55. Even though this group makes up 21% of the population, they account for more than half, or 50.9% of business owners. Veterans are also well represented, making up 9% of business owners while representing 7.6% of the U.S. population.
The data from Score provides valuable insights into the business community in the U.S. And it is these insights that allow other businesses, most of whom are small businesses owners, to identify trends and capitalize on opportunities.
The other articles you will find in this week’s roundup look at the national employment report, retail statistics, financial trends in the post-pandemic economy, and more.