What are we measuring?
This metric tracks the total number of private business establishments in the County. It is pulled from the quarterly updated database from the U.S. Bureau of Labor and Statistics. The data include all privately owned businesses of all industries and all sizes. The Bureau of Labor Statistics defines an establishment as "[t]he physical location of a certain economic activity—for example, a factory, mine, store, or office."
Why is it important?
Private business plays a crucial role in the economy growth in the County. It is also an essential source that contributes to job creation in the community. Measuring the total number of private business establishments provides an sight on the overall economic vitality of the County and how it compares to the benchmark counties.
How are we doing?
While the number of private businesses remained flat during the recession, since 2010 there has been an approximate 12% increase from about 38,000 to over 42,000. Prior to 2018, data had suggested a much higher growth rate; however, adjustments made by the Bureau of Labor Statistics in 2017 to the number of establishments in Georgia counties led them to revise the numbers downward in 2018. Despite the data adjustment, Fulton County continues to lead its national benchmark counties.