The U.S. Census Bureau has introduced an online data platform to help small business owners choose the type of business they want to open and determine potential locations for their businesses.
Census Bureau director John H. Thompson wrote in a blog post published WednesdayÂ the agency builtÂ Census Business Builder:Â Small Business EditionÂ for users to research their preferred type of business through categories such as retail, food services and healthcare.
Users also have access to maps of desired locationsÂ withÂ demographic and economic data such as potential clientsâ employment, educational attainment and average payroll.
The online tool also offers information on consumer spending provided by third party organizations to the Census Bureau.
âOnce youâve gathered all of the information you want, Census Business Builder generates a detailed report on the characteristics of your desired geography, its residents and businesses,â Thompson notes.
âThis critical information can be incorporated into a business plan, a business loan application or shared with others.â