CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Business Creation Rate

Definition

Number of quarterly establishment openings per 1,000 workers, 2009.

Description

New business formation is one of the principal ways we measure entrepreneurial energy. Businesses, i.e., firms, may be made up of several establishments (usually a single physical location). According to the Bureau of Labor Statistics, roughly 95% of firms consist of only one establishment.

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Business Creation Rate

StateRate of Quarterly Establishment
Openings (Per 1,000 Workers)
Rank
United States  8.9   
Alabama  6.4  48 
Alaska  12.4 
Arizona  9.4  21 
Arkansas  9.1  23 
California  8.5  30 
Colorado  13.2 
Connecticut  5.4  50 
Delaware  10.6  15 
District of Columbia  12.8 
Florida  14.2 
Georgia  11.0  12 
Hawaii  7.8  39 
Idaho  14.3 
Illinois  8.6  29 
Indiana  7.3  41 
Iowa  7.2  42 
Kansas  8.5  31 
Kentucky  7.0  43 
Louisiana  8.3  36 
Maine  13.3 
Maryland  9.0  24 
Massachusetts  8.9  26 
Michigan  8.5  33 
Minnesota  8.8  27 
Mississippi  6.9  46 
Missouri  7.0  45 
Montana  16.5 
Nebraska  8.4  35 
Nevada  9.7  19 
New Hampshire  10.6  14 
New Jersey  8.7  28 
New Mexico  9.4  22 
New York  10.1  16 
North Carolina  9.0  25 
North Dakota  10.0  17 
Ohio  6.2  49 
Oklahoma  8.4  34 
Oregon  10.7  13 
Pennsylvania  8.3  37 
Rhode Island  11.7  11 
South Carolina  8.2  38 
South Dakota  10.0  18 
Tennessee  5.1  51 
Texas  7.0  44 
Utah  12.1 
Vermont  12.0  10 
Virginia  9.4  20 
Washington  8.5  32 
West Virginia  7.5  40 
Wisconsin  6.7  47 
Wyoming  13.6 

Source

The Small Business Economy: A Report to the President 2010. Washington, DC: U.S. Small Business Administration, Office of Advocacy, 2010.

Local Area Unemployment Statistics. Washington, DC: U.S. Department of Labor, Bureau of Labor Statistics, 2009.

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