PARKLAND, FL - On May 1, the U.S. Census Bureau launched its Economic Census, the most comprehensive business survey in the United States, according to a published release from Broward County. Conducted every five years, the survey contains a broad collection of American economic activity and serves as the U.S. government’s official five-year measure of business and the economy. According to the release, the Broward County Office of Economic and Small Business Development urges local businesses to participate by completing the survey online, The deadline for businesses to respond is June 12, 2018.
For secure online reporting, the Census Bureau mailed instructions and a unique company code to respondents, who will set up an online account on the secure website to complete the survey. This is the first time the Census Bureau will conduct the survey almost entirely online, only small businesses in U.S. territories will receive a paper questionnaire.
According to the County, response to the economic census is critical to the broad cross-section of users who rely on the statistics for a variety of reasons, such as:
- Trade associations and chambers of commerce to promote economic development.
- Business organizations for strategic planning.
- Business owners for market research, business decisions and to compare their business to the industry average.
- Entrepreneurs for their business plans, as well as loan applications with banks and national small business lenders.
The County said the economic census is vital because it is a key component to having an accurate picture of the U.S. economy, collecting comprehensive economic data such as business activity, employment, payroll and revenue. View the Economic Census snapshot for Florida.
For more information, visit the economic census page or the Census Bureau’sFacebook, Twitter and LinkedIn pages.