Counting the microenterprise

Submitted by acohill on Wed, 10/19/2005 - 10:43

In New Hampshire, economic developers did a study of business ownership and found that 18.5% of all private, non-farm employment in the state was tied to microenterprises. A microenterprise is defined as a business that employs between one and five people, including the owner, and requires no more than $35,000 in start up capital (Business NH Magazine, March 2005).

So in New Hampshire, a fifth of the economy is based on companies with less than five people!

So here is a homework assignment. Go back to your local economic developers and elected leaders (who usually appoint the economic developers), and ask them these questions:

  • What percentage of jobs do these businesses account for?
  • What programs are in the current economic development plan to help existing microbusinesses grow?
  • What programs are in the current economic development plan to help local entrepreneurs start microbusinesses?
  • What programs are in the current economic development plan to attract entrepreneurs from other areas that want to relocate and start a microbusiness?
  • What amenities, services, and community attributes do relocating microbusiness entrepreneurs look for, and do we have a plan in place to get them and market them?

    If you do not get satisfactory answers to these questions, your region may be ignoring the fastest growing source of jobs in the United States, with a 600% increase over the last decade in the microbusiness category.

  • A Broadband Properties top 100 company for 2013
    A Broadband Properties top 100 company for 2012
    A Broadband Properties top 100 company for 2011

    Design Nine has been selected as a Broadband Properties / Broadband Communities top 100 company from 2008 to 2013.


    Smart 21

    Designed by Design Nine, the nDanville fiber network has won the Intelligent Community Forum's Smart 21 award for 2010.

    Design Nine provides visionary broadband architecture and engineering services to our clients. We have over seventy years of staff experience with telecom and community broadband-more than any other company in the United States.

    We have a full range of broadband and telecom planning, design, and project management services.