Statistics

City & County Demographic and Market Reports

Spokane City Map

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Some Small Business Facts

According to ZIP Code Business Patterns* (NAICS) 2003 Industry Code Summary by Zip Code (http://censtats.census.gov/cbpnaic/cbpnaic.shtml)

  • 99.82% of all Spokane businesses fit within the US Small Business Administrations definition of a small business (500 employees or less) - Table of Small Business Size Standards
  • 94.79% of Spokane businesses had less than 50 employees
  • 84.81% of Spokane businesses had less than 20 employees
  • 70.50% of Spokane businesses had less than 10 employees

(* When a Zip Code crosses a City County line the numbers include both City and County businesses.)

According to City of Spokane Active Business License Summary as of 7/24/06

  • 84.56% of Spokane businesses have less than 11 employees with a total number of employees (not including the sole proprietor):24,174
  • 8% of Spokane businesses have greater than 11 employees with a total number of employees:53,547

NAICS 2003 Total Businesses: 9,905
City of Spokane Active Business Licenses: 12,982
This comparison shows a 13% increase in the number of Spokane businesses.

2003 Number of Spokane business with: 100 – 249 employees 157 1.59%
250 – 499 employees 35 .343%
500 – 999 employees 14 .141%
1000 or more employees 4 .040%

75% of all retail transactions occur between 4 p.m. and 11 p.m. and on weekends.

  • Small business accounts for 54% of GDP
  • Provides 40.9% of private sales in the U.S
  • Provides approximately 75% of the net new jobs added to the economy
  • Small business contributes a higher percentage of sales back into their local economies

But...

  • 88% of small businesses failed within the first five years
  • 75% of businesses that fail cannot produce a current operating or business plan
  • Only 1 of 5 small retail businesses succeed within the first five years
  • Only 1 of 10 restaurants succeed within the first five years.

How much of the shopping dollar is retained in your community?

  • 6 cents of every dollar spent with a Big Box retailer is retained/ recirculated in a community. Source: Rocky Mountain Institute
  • 20 cents of every dollar spent with a chain store is retained/ recirculated in a community. Source: Small Business Administration
  • 60 cents of every dollar spent with a sole proprietorship is retained/ recirculated in a community. Source: Small Business Administration

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