Three quarters of businesses employ fewer than 10

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By Harold Morgan

We are a state of small businesses. Indeed, we are a nation of small businesses.
The state Department of Workforce Solutions has some new numbers for us. The insights, though not new, are worth remembering amidst the usual platitudes of our economic conversation and as the interim Jobs Council committee does its work. For example, 14 private sector establishments employed more than 1,000 people during the first quarter of 2012. Two are national laboratories — Los Alamos National Laboratory and Sandia National Laboratories. The six in health care and social assistance most probably are hospitals.
The department’s publication is the quarterly Regional Review of labor market information. Find it at dws.state.nm.us/Portals/0/DM/LMI/Regional_Review_Fall_2013.pdf.
As noted above, the numbers are for private sector “establishments,” that is, specific locations, and not for “firms.” The distinction is that a firm, say a restaurant chain, can have multiple establishments. Further, a firm, again a restaurant chain, with multiple establishments can operate under the brand umbrella of a national firm while, if a franchise, remaining very much locally owned, a point lost by those with self-induced paranoia about “corporations.”

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