The economic research service at the U.S. Department of Agriculture put together two sets of data to better understand what happened to businesses throughout the nation from 1996 through 2011.
The results of the study led by Sarah Low suggest several trends, such as the link between survival and access to funding, and the less-obvious correlation between a manufacturing plant’s independent status and its survival. (Low calls this counter-intuitive.)
“Linking the two data sets enabled studying plant survival over a 15-year period (1996-2011) that includes two recessions and declining employment in U.S. manufacturing,” the report’s summary explains.
It’s worth some thought as South Dakota tries to swim its way out of the economic muck. The 38-page report is available here.