The U.S. Census Bureau just released zip code level data on business establishments for the year 2013. We used the data to analyze high-level business changes in the City of Ashtabula (Zip Code 44004) during 1998-2013. For confidentiality reasons, detailed data for businesses is not reported by Census at the city or zip code levels. See the chart below.
Since 1998, the City of Ashtabula lost 185 business establishments (dropping from 892 to 707). 106 of these lost businesses employed 1-4 people. Another 48 of the lost businesses employed 5-9 employees. There were no businesses in the city that employed 1,000 or more people in either 1998 or 2013.
What causes changes in an area’s business base? Typically these six developments account for these changes:
- Business expansions adding new jobs.
- Business contractions reducing jobs.
- Business consolidations adding or reducing jobs.
- Business closings reducing jobs.
- New business locations adding new jobs.
- New business start-ups. (Births and deaths).
Because of the absence of data on these 6 developments, we have no way of knowing the influence of these developments on the City of Ashtabula’s business base.
Stay tuned as we explore other local data sources that help us understand the economic bases of Ashtabula County communities.
Click on the chart to enlarge it.