Our Valley of Entrepeneurs

Mar 11, 2015

Our Valley of Entrepreneurs

Kenneth Harwood, Economist
Solvang Chamber of Commerce

   Entrepreneurs are folks who organize businesses and manage them, risking their own time and money. They make the big decisions about their businesses, take the losses, and reap the profits. We have unusual numbers of them around here.

   Solvang-Santa Ynez CCD refers to one of seven Census Defined Districts in Santa Barbara County. This district is more or less the same as Santa Ynez Valley economic area, including Solvang, Buellton, Santa Ynez, Los Olivos, Los Alamos, and Ballard.
   Self employed work in their own nonincorporated businesses, usually as sole proprietor or partner. Often their work is part time, seasonal, or both. Some might be caterers, wedding planners, carpenters, landscapers, cab drivers, tutors, or other professionals. The most often studied self employed nonincorporated workers operate family farms and have town jobs. Other small businesses are incorporated, so that the entire small business community of entrepreneurs is larger than the numbers and percentages shown here.
   Solvang-Santa Ynez CCD had more than twice the concentration of these workers as the nation as a whole, 12.6% compared with 6.2%. California and Santa Barbara County also had greater than the national percentage of these small businesses entrepreneurs.
  The Great Recession of 2007-2009 resulted in many former employees becoming self employed.
  Each business helps to support business services and suppliers such as business computer services, tax services, stationers, parcel deliveries, and others.
   Please see details online in 2009-2013 American Community Survey five year estimates, selected economic characteristics, series DP03, class of worker. This is a publication of the U. S. Census Bureau.

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