Size of Firm Report 2018 – Grant CountyNovember 8, 2018 Roughly 96 percent of Grant County’s privately owned firms employed fewer than 20 workers in the first quarter of 2018. Altogether, these small firms accounted for slightly more than half of the county’s private-sector workforce and slightly less than half of private-sector wages. The majority of firms employed from one to four workers and the second largest group of firms had zero employees. The third largest group of firms employed from five to nine workers.
Firms with zero employees accounted for a relatively large portion of private-sector firms; roughly one out of every four firms. For this report, a firm was designated a size class based on their March 2018 employment level. The majority of firms in Grant County with zero employees in March had from one to four employees in one or more months during 2017. Some of these firms had from one to four employees in January or February 2018, but none in March. Many firms in this size class are in industries that have a seasonal trend. They likely hire a small number of workers during peak season, or for special projects, and let them go when demand has softened.
The other side of the size class coin is that 4 percent of Grant County’s privately owned firms employed 20 or more workers. These 10 firms accounted for slightly less than half of Grant’s private-sector workforce and slightly more than half of private-sector wages. Roughly 2 percent of the county’s private-sector firms employed from 20 to 49 workers and another 2 percent employed from 50 to 99 workers. Note that data pertaining to the 100 to 249 worker size class in Grant County cannot be disclosed due to confidentiality. However, if this data were included in the analysis, then firms employing 20 or more workers would account for a larger portion of Grant’s private-sector employment and wages.