What Are The Most Common Types of Small Businesses in Each State?

As a snapshot of the small business landscape of each state, we have pulled data from the US Census Bureau's County Business Profiles for 2021 to assess the most common types of small businesses by 2-digit NAICS (the North American Industry Classification System) code, as well as the total amount they spent on payroll (in $1000's of US dollars).

The top 5 States in terms of share of SMEs as per 2021 data are:

California
Florida
Texas
New York
Illinois

The bottom 5 states as per share of SMEs are:

District of Columbia
Wyoming
North Dakota
Alaska
Vermont

Select State:

Summary of Sectors by Total Number of Firms and Payroll Value ($1000 USD)

NAICS Description	Total Value of Payroll ($1,000)	Total Firms

D3 Visualization: Horizontal bar chart

Visualization: Generated using the help of ChatGPT

Industry level observations

The top 5 sectors with maximum share of businesses in the US are:

Construction
Real Estate and Rental and Leasing
Professional, Scientific, and Technical Services
Administrative and Support and Waste Management and Remediation Services
Health Care and Social Assistance
Accommodation and Food Services

*Coding and visualizations on this page were created with the assistance of ChatGPT