{"id":5347,"date":"2025-03-14T00:25:10","date_gmt":"2025-03-14T00:25:10","guid":{"rendered":"https:\/\/www.tarleton.edu\/tieuc\/?page_id=5347"},"modified":"2025-04-25T16:10:52","modified_gmt":"2025-04-25T16:10:52","slug":"business-demographics-and-ownership-trends-in-nct","status":"publish","type":"page","link":"https:\/\/www.tarleton.edu\/tieuc\/dashboards\/business-demographics-and-ownership-trends-in-nct\/","title":{"rendered":"Business Demographics and Ownership Trends in NCT"},"content":{"rendered":"\n<p><strong>&nbsp;Business Demographics and Ownership Trends Dashboard<\/strong><\/p>\n\n\n\n<p><strong>&nbsp;Overview<\/strong><\/p>\n\n\n\n<p>The&nbsp;<strong>Business Demographics and Ownership Trends Dashboard<\/strong>&nbsp;provides a&nbsp;<strong>detailed analysis of non-employer business distribution<\/strong>&nbsp;across&nbsp;<strong>24 counties<\/strong> for the <strong>year 2021<\/strong>, emphasizing&nbsp;<strong>geographic trends, age demographics, and citizenship-based business ownership<\/strong>. This interactive tool enables stakeholders to&nbsp;<strong>analyze trends, identify entrepreneurial patterns, and inform policy decisions<\/strong>&nbsp;for sustainable business growth.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>&nbsp;Key Insights and Visual Components<\/strong><\/p>\n\n\n\n<p><strong>&nbsp;Geographic Heatmap \u2013 Business Distribution Across Counties<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>What It Shows:<\/strong>\n<ul class=\"wp-block-list\">\n<li>The&nbsp;<strong>top section displays a geographic heatmap<\/strong>, visualizing the&nbsp;<strong>density of businesses in each county<\/strong>.<\/li>\n\n\n\n<li><strong>Darker shades<\/strong>&nbsp;indicate counties with&nbsp;<strong>higher concentrations of businesses<\/strong>, while&nbsp;<strong>lighter shades<\/strong>&nbsp;reflect lower activity.<\/li>\n\n\n\n<li>Users can interact with the map to drill down into&nbsp;<strong>specific county-level business data<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Comparison Over Time:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Urban counties (e.g., Dallas, Tarrant, Collin, Denton)<\/strong>&nbsp;have consistently&nbsp;<strong>higher business concentrations<\/strong>, indicating&nbsp;<strong>economic hubs<\/strong>.<\/li>\n\n\n\n<li><strong>Rural counties (e.g., Hamilton, Bosque, Eastland)<\/strong>&nbsp;show&nbsp;<strong>lower business density<\/strong>, potentially reflecting&nbsp;<strong>limited access to capital and markets<\/strong>.<\/li>\n\n\n\n<li><strong>Yearly analysis could reveal trends<\/strong>&nbsp;such as&nbsp;<strong>economic recovery, new business formation rates, or industry-specific growth<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Strategic Use:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Economic development agencies and policymakers<\/strong>&nbsp;can use this data to&nbsp;<strong>identify high-growth areas<\/strong>&nbsp;and&nbsp;<strong>target investment or business incentives<\/strong>&nbsp;for underdeveloped regions.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>&nbsp;Business Ownership by Age Group (Left Bar Chart)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>What It Shows:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Breaks down&nbsp;<strong>business ownership by age group<\/strong>, illustrating&nbsp;<strong>which demographics drive entrepreneurship<\/strong>.<\/li>\n\n\n\n<li>The&nbsp;<strong>35 to 44 age group dominates<\/strong>, followed by&nbsp;<strong>45 to 54<\/strong>.<\/li>\n\n\n\n<li>The&nbsp;<strong>under 25 group has the lowest participation<\/strong>, highlighting potential&nbsp;<strong>barriers such as funding, experience, or risk aversion<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Comparison Over Time:<\/strong>\n<ul class=\"wp-block-list\">\n<li>A&nbsp;<strong>historical analysis<\/strong>&nbsp;of this data could reveal:\n<ul class=\"wp-block-list\">\n<li><strong>Aging of entrepreneurs<\/strong>&nbsp;\u2013 Is there a decline in younger entrepreneurs over time?<\/li>\n\n\n\n<li><strong>Business sustainability<\/strong>&nbsp;\u2013 Are younger or older entrepreneurs more likely to sustain businesses over multiple years?<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Strategic Use:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Business incubators and funding institutions<\/strong>&nbsp;can use this insight to&nbsp;<strong>design programs targeting younger entrepreneurs<\/strong>.<\/li>\n\n\n\n<li><strong>Policy interventions<\/strong>&nbsp;can focus on providing&nbsp;<strong>training, mentorship, and financial support<\/strong>&nbsp;to younger business owners.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>&nbsp;Citizenship and Business Ownership Trends (Right Bar Chart)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>What It Shows:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Categorizes&nbsp;<strong>business ownership by citizenship status<\/strong>, showing the&nbsp;<strong>contribution of native-born and immigrant entrepreneurs<\/strong>.<\/li>\n\n\n\n<li><strong>Key Findings:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>U.S. citizens<\/strong>&nbsp;dominate business ownership, reflecting a&nbsp;<strong>stable domestic entrepreneurial base<\/strong>.<\/li>\n\n\n\n<li><strong>Non-U.S. citizens<\/strong>&nbsp;own a smaller proportion of businesses, but they still contribute significantly to the local economy.<\/li>\n\n\n\n<li>A&nbsp;<strong>large percentage of business owners were born in the U.S.<\/strong>, reinforcing&nbsp;<strong>local economic activity<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Comparison Over Time:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Increasing immigrant business ownership?<\/strong>\n<ul class=\"wp-block-list\">\n<li>If immigrant-owned businesses have grown,&nbsp;<strong>it suggests an comprehensive business environment<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Declining non-citizen business ownership?<\/strong>\n<ul class=\"wp-block-list\">\n<li>Could indicate&nbsp;<strong>barriers such as visa restrictions, capital access, or economic uncertainty<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Strategic Use:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Economic development programs<\/strong>&nbsp;can&nbsp;<strong>strengthen immigrant entrepreneurship initiatives<\/strong>.<\/li>\n\n\n\n<li><strong>Policymakers can explore funding access programs<\/strong>&nbsp;to support&nbsp;<strong>diversified business ownership<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>&nbsp;Trend Analysis &amp; Business Growth Implications<\/strong><\/p>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/fonts.gstatic.com\/s\/e\/notoemoji\/16.0\/0031_fe0f_20e3\/72.png\" alt=\"Item 1 for High-Growth Counties\" style=\"\">&nbsp;<strong>High-Growth Counties:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Counties like&nbsp;<strong>Dallas, Tarrant, and Collin<\/strong>&nbsp;consistently&nbsp;<strong>attract more business owners<\/strong>, possibly due to&nbsp;<strong>strong infrastructure, funding opportunities, and market access<\/strong>.<\/li>\n\n\n\n<li><strong>Actionable Insight:<\/strong>&nbsp;These counties could&nbsp;<strong>foster innovation hubs and startup accelerators<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/fonts.gstatic.com\/s\/e\/notoemoji\/16.0\/0032_fe0f_20e3\/72.png\" alt=\"Item 2 for Declining Growth or Low Business Density Counties\" style=\"\">&nbsp;<strong>Declining Growth or Low Business Density Counties:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Rural counties such as&nbsp;<strong>Hamilton and Bosque<\/strong>&nbsp;have fewer businesses.<\/li>\n\n\n\n<li><strong>Possible Causes:<\/strong>&nbsp;Limited funding, talent migration to cities, or lack of digital transformation.<\/li>\n\n\n\n<li><strong>Actionable Insight:<\/strong>&nbsp;<strong>Government incentives, business grants, and rural entrepreneurship programs<\/strong>&nbsp;can help.<\/li>\n<\/ul>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/fonts.gstatic.com\/s\/e\/notoemoji\/16.0\/0033_fe0f_20e3\/72.png\" alt=\"Item 3 for Younger Entrenrepneurs vs. Aging Business Owners\" style=\"\">&nbsp;<strong>Younger Entrepreneurs vs. Aging Business Owners:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If fewer young entrepreneurs emerge,&nbsp;<strong>future business sustainability could be at risk<\/strong>.<\/li>\n\n\n\n<li><strong>Actionable Insight:<\/strong>&nbsp;<strong>Boost funding &amp; mentorship programs<\/strong>&nbsp;targeted at&nbsp;<strong>young business owners<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/fonts.gstatic.com\/s\/e\/notoemoji\/16.0\/0034_fe0f_20e3\/72.png\" alt=\"Item 4 for Citizenship-Based Business Trends\" style=\"\">&nbsp;<strong>Citizenship-Based Business Trends:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If&nbsp;<strong>immigrant business ownership is increasing<\/strong>, policies supporting&nbsp;<strong>business loans, networking, and visa-related business incentives<\/strong>&nbsp;would be beneficial.<\/li>\n\n\n\n<li>If&nbsp;<strong>non-citizen business ownership is declining<\/strong>, it could indicate&nbsp;<strong>challenges in business regulation, funding, or talent retention<\/strong>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>&nbsp;Actionable Recommendations<\/strong><\/p>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/fonts.gstatic.com\/s\/e\/notoemoji\/16.0\/2705\/72.png\" alt=\"OK check for Policymakers\" style=\"\">&nbsp;<strong>For Policymakers &amp; Economic Development Teams:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Invest in business incubators &amp; digital transformation initiatives<\/strong>&nbsp;for rural counties.<\/li>\n\n\n\n<li><strong>Encourage business funding programs<\/strong>&nbsp;for&nbsp;<strong>younger entrepreneurs<\/strong>.<\/li>\n\n\n\n<li><strong>Strengthen immigrant-friendly business policies<\/strong>&nbsp;to support diversified business ownership.<\/li>\n<\/ul>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/fonts.gstatic.com\/s\/e\/notoemoji\/16.0\/2705\/72.png\" alt=\"OK check for Investors\" style=\"\">&nbsp;<strong>For Investors &amp; Financial Institutions:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Focus on high-growth counties<\/strong>&nbsp;for potential&nbsp;<strong>startup funding and venture capital investments<\/strong>.<\/li>\n\n\n\n<li><strong>Create tailored loan programs<\/strong>&nbsp;for younger entrepreneurs.<\/li>\n<\/ul>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/fonts.gstatic.com\/s\/e\/notoemoji\/16.0\/2705\/72.png\" alt=\"OK Check for For Business Associations and Communities\" style=\"\"><strong>For Business Associations &amp; Communities:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Promote entrepreneurship workshops<\/strong>&nbsp;in low-business-density regions.<\/li>\n\n\n\n<li><strong>Advocate for policies that reduce financial barriers<\/strong>&nbsp;for immigrant business owners.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>&nbsp;Conclusion<\/strong><\/p>\n\n\n\n<p>This\u00a0<strong>Business Demographics and Ownership Trends Dashboard<\/strong>\u00a0provides a\u00a0<strong>data-driven approach to understanding entrepreneurship dynamics<\/strong>\u00a0across 24 counties for the <strong>year 2021<\/strong>. By combining\u00a0<strong>geographic, age, and citizenship-based insights<\/strong>, stakeholders can\u00a0<strong>develop informed strategies to foster economic growth, empower entrepreneurs, and address regional business disparities<\/strong>.<\/p>\n\n\n\n<div class='tableauPlaceholder' id='viz1742569469449' style='position: relative'><noscript><a href='#'><img alt='Dashboard 1 ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Bu&#47;BusinessDemographicsandOwnershipTrendsDashboard&#47;Dashboard1&#47;1_rss.png' style='border: none' \/><\/a><\/noscript><object class='tableauViz'  style='display:none;'><param name='host_url' value='https%3A%2F%2Fpublic.tableau.com%2F' \/> <param name='embed_code_version' value='3' \/> <param name='site_root' value='' \/><param name='name' value='BusinessDemographicsandOwnershipTrendsDashboard&#47;Dashboard1' \/><param name='tabs' value='no' \/><param name='toolbar' value='yes' \/><param name='static_image' value='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Bu&#47;BusinessDemographicsandOwnershipTrendsDashboard&#47;Dashboard1&#47;1.png' \/> <param name='animate_transition' value='yes' \/><param name='display_static_image' value='yes' \/><param name='display_spinner' value='yes' \/><param name='display_overlay' value='yes' \/><param name='display_count' value='yes' \/><param name='language' value='en-US' \/><\/object><\/div>                <script type='text\/javascript'>                    var divElement = document.getElementById('viz1742569469449');                    var vizElement = divElement.getElementsByTagName('object')[0];                    if ( divElement.offsetWidth > 800 ) { vizElement.style.width='100%';vizElement.style.height=(divElement.offsetWidth*0.75)+'px';} else if ( divElement.offsetWidth > 500 ) { vizElement.style.width='100%';vizElement.style.height=(divElement.offsetWidth*0.75)+'px';} else { vizElement.style.width='100%';vizElement.style.height='927px';}                     var scriptElement = document.createElement('script');                    scriptElement.src = 'https:\/\/public.tableau.com\/javascripts\/api\/viz_v1.js';                    vizElement.parentNode.insertBefore(scriptElement, vizElement);                <\/script>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;Business Demographics and Ownership Trends Dashboard &nbsp;Overview The&nbsp;Business Demographics and Ownership Trends Dashboard&nbsp;provides a&nbsp;detailed analysis of non-employer business distribution&nbsp;across&nbsp;24 counties for the year 2021, emphasizing&nbsp;geographic trends, age demographics, and citizenship-based &#8230;<\/p>\n","protected":false},"author":689,"featured_media":0,"parent":3625,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-fullwidth.php","meta":{"_acf_changed":false,"inline_featured_image":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"class_list":["post-5347","page","type-page","status-publish","hentry"],"acf":[],"coauthors":[],"author_meta":{"author_link":"https:\/\/www.tarleton.edu\/tieuc\/author\/bkurdle\/","display_name":"Webmaster"},"relative_dates":{"created":"Posted 1 year ago","modified":"Updated 12 months ago"},"absolute_dates":{"created":"Posted on March 14, 2025","modified":"Updated on April 25, 2025"},"absolute_dates_time":{"created":"Posted on March 14, 2025 12:25 am","modified":"Updated on April 25, 2025 4:10 pm"},"featured_img_caption":"","featured_img":false,"series_order":"","_links":{"self":[{"href":"https:\/\/www.tarleton.edu\/tieuc\/wp-json\/wp\/v2\/pages\/5347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tarleton.edu\/tieuc\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.tarleton.edu\/tieuc\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.tarleton.edu\/tieuc\/wp-json\/wp\/v2\/users\/689"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tarleton.edu\/tieuc\/wp-json\/wp\/v2\/comments?post=5347"}],"version-history":[{"count":7,"href":"https:\/\/www.tarleton.edu\/tieuc\/wp-json\/wp\/v2\/pages\/5347\/revisions"}],"predecessor-version":[{"id":5466,"href":"https:\/\/www.tarleton.edu\/tieuc\/wp-json\/wp\/v2\/pages\/5347\/revisions\/5466"}],"up":[{"embeddable":true,"href":"https:\/\/www.tarleton.edu\/tieuc\/wp-json\/wp\/v2\/pages\/3625"}],"wp:attachment":[{"href":"https:\/\/www.tarleton.edu\/tieuc\/wp-json\/wp\/v2\/media?parent=5347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}