Research

The Office of Advocacy is pleased to announce a new funding opportunity for economic research related to the economic impacts of the pandemic. The solicitation is available on SAM.gov here. Proposal submissions are open until Thursday,…

Historically, veterans have been more entrepreneurial than non-veterans. However, millennial veterans participate in entrepreneurship at a lower rate than millennial non-veterans.  Important demographic differences exist between …

The Office of Advocacy’s bi-annual Economic Bulletin  examines new data on how small businesses have fared during the COVID-19 pandemic. The pandemic caused an economic shock, which led to business closures and job losses. However, there…

Small businesses play a special role in innovation. In 2018, 37% of high-tech workers worked for small businesses. According to the Census Bureau’s data series, Innovation Measurement Initiative, the bulk of STEM-related researchers …

About two-thirds of business owners start their business from scratch, while less than a quarter of owners purchased the business they own. The starting method for small businesses tends to be relatively stable over time but differs based…

Business ownership is diverse, but women, African Americans, and Hispanics tend to own more non-employer firms and less employer firms. Additionally, younger owners tend to own non-employer firms. With the Census Bureau’s new data series,…

Since 1980, the number of commercial banks has dropped from 14,400 to 4,600. Given the decrease in commercial banking options, it is important to understand the long-term trends of banking industry dynamics by size of bank, as well as the…

In March 2020, the COVID-19 pandemic hit the United States, causing illness, death, and widespread economic devastation. A new issue brief from the Office of Advocacy, “The Effects of the COVID-19 Pandemic on Small Businesses,”…

To support Advocacy’s mission of examining the role and contributions of small businesses, the Office of Economic Research spent FY 2019 providing timely and relevant research products, analyzing proposed regulations for small business…

Lending to businesses in counties where a bank has no branches is highly sensitive to economic conditions. During the 2007 recession, distant lending contracted far more sharply than local lending, leaving the share of loans made at a…