new mexico data user conference november 14, 2013 presented by: andrew w. hait u.s. census bureau...
TRANSCRIPT
New Mexico Data User ConferenceNovember 14, 2013
presented by:
Andrew W. Hait
U.S. Census Bureau
Economic Data from the Census Bureau
A Case Study: Accessing Data for a Business Plan
Presentation Outline• Our Scenario• What information is available from Census?
– An Econ Data Primer– Industry Statistics Portal
• Show me some of this info…– Industry Snapshots
• How can I narrow my search?– County Business Patterns
• What else do you have that might be useful?– Economic Census– A Sidebar Discussion: What’s New for 2012?– Survey of Business Owners
• Do you have anything more recent?– Economic Indicators
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Sample Scenario: An entrepreneur is interested in opening a day care center in NM. She is trying to find out what
information is available (and how to get to it) that can help her understand this industry,
develop a business plan, and identify a good place to locate her business.
What can we provide her?
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A Census Bureau Econ Data Primer
• Establishments vs. Companies – Most data collected at the establishment basis
• Employer Businesses vs. Nonemployers – Most programs just cover employers
• Privacy– U.S. Code Title 13 results in suppression of data
• Business Classification– NAICS
• Economic Geographies– National, state, county, place, and ZIP Code
• Surveys vs. the Economic Census– More current = less detailed
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What’s Available?
The Industry Statistics Portal
identifies the programs at the Census Bureau that provide data
on a user selected industry that this
entrepreneur might be able to use.
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To access the ISP from www.census.gov:• Click Business or• Place your cursor on Business and select Data by Industry
Data Available for this Industry
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Show Me Some Info…
The Industry Snapshots (which are accessible from
the Industry Statistics Portal) present selected key
statistics for an industry in a simple profile.
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Information for Child Day Care Centers in
the U.S. and NM
Narrow My Search… Using data from Census Bureau programs like
County Business
Patterns can help our
entrepreneur identify potential counties in New Mexico that she might consider
opening her new day care
center in.
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Employer Child Day
Care Centers in
NM counties in 2011
Non-Employer Child Day Care Centers in NM counties in 2011
What else is available?
Using the data from the Product Lines file for this industry (available from the Economic Census) can help an entrepreneur:
• understand the products and services typically provided by other businesses like hers, and
• Predict the potential sales of these products she might expect
The other types of data available from the Economic Census can help her understand other aspects of her industry
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Child day care ser-
vices; 89,214
Children and youth ser-vice pro-
grams; 9,144
Other social assistance services for
children, youth, and families;
3,874
Detailed Product Line Receipts for Child Day Care Services in NM:
2007 ($1,000)
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$102,232$26,927
$21,446
$1,458 $7,927
Product Line Receipts for Child Day Care Services in NM: 2007 ($1,000)
Social assistance ser-vices for children, youth, and families
Contributions, gifts, and grants - Government
Pre-primary grade instruc-tional programs
Contributions, gifts, and grants - Private
All other revenue
No surprise that social assistance services make up 64% of day care center receipts/revenue in NM…
…but government contributions, gifts, and grants is the second largest source of revenue at 17%
Of the total social assistance services revenue, day care services account for 56%, while programs make up 6% and other services make up the remaining 2%
What else is available? (cont.)
The other types of data available from the Economic Census can
help her understand
other aspects of her industry at the national
level
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A Sidebar: What’s New for the 2012 Economic Census?
What’s New for NM?
New Places and Metros
New Industries
What else is available? (cont.)
The data available from the Survey of
Business Owners can
help her understand
the characteristics
of business owners in her
industry
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$48,163
$4,291
$14,206
$91,748
Total Receipts of Child Day Care Centers in NM by Owner's Gender ($1,000)
Female-ownedMale-ownedEqually male-/female-ownedPublicly held and other firms not classifiable
Minority Nonminority Publicly held and other firms not classifiable
0
1000
2000
3000
4000
Number of Child Day Care Center Firms in NM by Owner’s Minority Status: 2007
Anything More Recent?
Using the latest data from the Quarterly Services Survey Economic Indicator Report, our user can view the most recent data available for her industry to see
how it has been performing lately.
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1Q 2011
2Q 2011
3Q 2011
4Q 2011
1Q 2012
2Q 2012
3Q 2012
4Q 2012
1Q 2013
2Q 2013
7,000
7,400
7,800
8,200
8,600
9,000
8,286
8,511
7,568
8,3968,525 8,494
7,665
8,553
8,248
8,033
7,756
8,133
7,493
7,9878,122
8,021
7,228
7,988
7,547 7,571
Revenue and Expenses for Child Day Care Services: 1st Qtr 2011 - 2nd Qtr 2013
Total revenue
Total expenses
Summary• What information is available from Census?
– The ISP is a great place to start
• Show me some of this info…– Snapshots provide selected statistics
• How can I narrow my search?– CBP: An annual program but with good industry and geo detail
• What else do you have that might be useful?– The Economic Census: Provides the most comprehensive and
detailed data available… but you have to wait– Good stuff for NM coming for 2012?– SBO is good for totals as well as gender/race/ethnity data
• Do you have anything more recent?– Economic Indicators provide a high-level glimpse
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Questions?
