Number of Small Businesses in Inyo County, CA: 2023 Outlook

According to the latest statistics, there are 1,843 small businesses in Inyo County, CA. These small businesses make up the entire 100 percent of all businesses in the county.
By Neilsberg Research January 24, 2023
The number of small businesses in Inyo County, CA

As per the U.S. Small Business Administration a small business is defined as one with fewer than 500 employees. To learn more about the trends related to the number of small businesses in Inyo County, we’ve analyzed all of the most essential data reported by relevant surveys across various departments at the U.S. Census Bureau. 

How many small businesses are there in Inyo County, CA?

Key small business stats

Our research yielded several striking findings related to the number of small businesses in Inyo County, CA:

  • According to the 2022 Small Business profile from the Office of Advocacy, U.S. SBA and Statistics of US Businesses, the number of small businesses totaled 1,843 in Inyo County, CA.
  • The small businesses make up nearly all (100 percent) businesses in Inyo County, CA.
  • Most of Inyo County’s small businesses are very small as 97.12 percent of all businesses did not have employees or have fewer than 20 employees.
  • As per the Non employer statistics, self-employment in Inyo County, CA increased by 4.55% over the last 8 years. .  
  • Between 2021 and 2022, the number of small businesses in Inyo County, CA increased by 42 ( 2.33% ). Overall the number of small businesses marked a a growth of 14 ( 0.77% ) between 2014 and 2022.

Inyo County, CA: Small businesses with no employees

As of Sep 2022, there were 1,357 small businesses with no employees in Inyo County, CA. Compared to 2014, that is an increase of 59 ( 4.55% ) in the number of self employed population in the county.

Most recently, especially after the COVID-19 pandemic, the number of small businesses with no employees increased by 58 from being 1,299 in 2021.

In the wake of the COVID-19 pandemic, across the United States, we witnessed an ongoing economic trend of the rise of gig economy and the beginning of the great resignation. The biggest impact was found in the economic activity related to the small businesses with no employees.

Its impact in Inyo County, CA is clearly reflected in the below chart, displaying number of small businesses with no employees between 2016 and 2022 (Exhibit 2).

Exhibit 2
The number of small businesses with no employees in Inyo County, CA

Below is a table showing the number of businesses with no employees since 2016.

Year Reported Businesses With No Employees
2016 1,298
2017 1,296
2018 1,304
2019 1,256
2020 1,310
2021 1,299
2022 1,357

Inyo County, CA: Small businesses with less than 20 employees

Between 2014 and 2022, the number of small businesses with less than 20 employees decreased by 45 ( 9.41% ). In 2014 the number of businesses were 478, which decreased to 433 in 2022.

Overall most of the small businesses in Inyo County, CA are very small, and have less then 20 employees. These micro businesses account for nearly 88.73% of the total businesses with employees in the county.

The trend in the number of small businesses with less than 20 employees is visible in the below chart ( Exhibit 3).

Exhibit 3
The number of small businesses with less than 20 employees in Inyo County, CA


Here is a comprehensive overview of the number of small businesses with less than 20 employees since 2016:

Year Reported Businesses With 1-19 Employees
2016 476
2017 474
2018 457
2019 455
2020 447
2021 454
2022 433

Inyo County, CA: Small businesses with 20 - 99 employees

Of the 3,195 counties reviewed across the United States, the small businesses with 20 - 99 employees was found to be resilient set with respect to the impact of the pandemic. 

In Inyo County, CA the number of small businesses with 20 - 99 employees increased from being 44 in 2014 to 47 in 2022. In percentage terms the change is an increase of approximately 6.82%.

We have charted the number of small businesses with 20 - 99 employees since 2016 ( Exhibit 4):

Exhibit 4
The number of small businesses with 20 to 99 employees in Inyo County, CA

Over the last 7 years, the number of small businesses with 20-99 employees is tabulated below:

Year Reported Businesses With 20-99 Employees
2016 40
2017 43
2018 44
2019 46
2020 46
2021 42
2022 47

Inyo County, CA: Small businesses with 100 - 499 employees

As per the U.S. Small Business Administration, the businesses with 100 - 499 employees are the largest businesses eligible to be classified under the category of being called as a small business. In Inyo County, CA the number of such businesses decreased from 9 in 2014 to 6 in 2022.

Full set of data related to the number of small businesses with 100 - 499 employees is shown in the below chart ( Exhibit 5):

Exhibit 5
The number of small businesses with 100 to 499 employees in Inyo County, CA

You can also find the table below with the number of small businesses with 100 - 499 employees in Inyo County, CA:

Year Reported Businesses With 100-499 Employees
2016 9
2017 9
2018 9
2019 8
2020 6
2021 6
2022 6

References

Data used for the report on number of small business in the Inyo County, CA was sourced from the following programs, surveys and reports within the US Census Bureau: 

1) Annual small business profile published by the U.S. Small Business Administration, Office of Advocacy.

2) Nonemployer Statistics, U.S. Census Bureau

3) County Business Patterns, U.S. Census Bureau

4) Statistics of US Businesses, U.S. Census Bureau

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