More Wisconsin Businesses Closing Than Starting, Economic Report Warns
We a now a Red state with red state policies--keep the residents poor and quiet!
Danny Johnston/AP Photo
More Wisconsin Businesses Closing Than Starting, Economic Report Warns
http://www.wpr.org/more-wisconsin-businesses-closing-starting-economic-report-warns
Report On 'Business Dynamism' Shows Business Losses Especially High In Milwaukee Area
Friday, February 10, 2017, 3:30pm
By Brady Carlson
The number of Wisconsin businesses that close is higher than the number of new firms, according to a new analysis of Census data.
The study released this week by the Washington-based Economic Innovation Group analyzed U.S. Census figures on "business dynamism," a figure which compares the number of new businesses to the number that close.
It found Wisconsin was "underwater" for business dynamism from 2010 to 2014, the first five years of the economic recovery.
John Lettieri, EIG cofounder and senior director for policy and strategy, said the number of new companies formed in the state lagged behind those that closed, even as figures like employment and GDP began to rebound....................