U.S. Census: Austin Entrepreneur Industry Growing

austin_dtown.jpg According to a new U.S. Census report released yesterday, Austin's still running strong as an entrepreneur community. According to the report, there were 74,403 "nonemployer" firms -- organizations that have no employees but which remain subject to federal income tax -- doing business in Travis County in 2005. This represents an 8% increase from 2004, meaning that around 5,000 more individual home-based businesses, individual proprietorships and other similarly-structured firms started in Austin between 2004 and 2005. Not too shabby. The growth rate places Travis County 10th among large U.S. counties nationwide.

The new census report shows that Austin's business identity remains firmly entrenched in the entrepreneurialist spirit. But a further interesting factoid shown by the census data, as we see it, is how nonemployer firms are distributed across different industry sectors in Travis County. Who are our local entrepreneurs, and what do they do? Here's what the U.S. Census Bureau tells us:

The top four Travis County nonemployer sectors (as a percent of the entire Travis County nonemployer industry):
Professional, scientific & technical services: 22%
Real estate, rental & leasing: 13%
Construction: 10.5%
Arts, entertainment & recreation (creative arts): 7%

Other highlights of interest:
Finance & insurance: 4%
Educational services: 3%
Transporation & warehousing: 3%
Information: 2.5%

For more information on the new census report, contact the Capital Area Council of Governments, your local clearinghouse for central Texas census data.

Photo of downtown Austin courtesy of Silent Z on Flickr.

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