Business Closings Still a Problem

Barriers to Job Growth

One of the main reasons that the jobs situation has yet to recover is that, according to the U.S. Census, the number of business deaths now exceeds the number of business births among employer firms for the first time since 1977, when this measurement began.

Is this trend a reality in Ashtabula County? I think the county lags now and it has in the past in startups, and so the death of new firms exceeds births. We must accelerate the number of new business startups in the future, and we must increase the survival rate!

Remember that Stage 2 companies are creating the jobs in Ashtabula County. These are firms with 10-50 employees, $1-10 million in sales, and have been in business 3-5 years.

Here is the trend:

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