In a new analysis from Simply Business, researchers identified the latest industrial and geographic trends in young business ownership and their findings show that 30 percent of Gainesville business owners are under 40 years old, slightly more than nationally.
Another finding: Among workers under 40 in the Gainesville metro, 8.2% own businesses, compared to 12.3% of all Gainesville metro workers.
Other findings:
* Nearly 3 out of every 10 business owners are under 40: Nationwide, 29.3% of all business owners are under 40, and over 6% of workers under 40 run their own businesses.
* Entrepreneurship in a digital economy: Young business owners’ skills and interests tend to align well with new opportunities in the digital economy, which often require lower startup costs. In the information sector—which includes software development, digital publishing, and internet services—almost half (45.3%) of business owners are now under 40, up from 37.9% in 2018.
* Creative fields also appeal to young business owners: The arts, entertainment, and recreation industry saw young business ownership rise since 2018 (from 33.4% to 38.5%), highlighting the strong appeal of creative fields for younger workers.
You can read the full study here, including all sources: https://www.simplybusiness.com/resource/cities-with-most-business-owners-under-40/