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Small Businesses Dominated Start-ups and Expansions in <br /> Northeast Minnesota <br /> Small businesses dominated business start-ups this quaver. forming 24 percent more• new <br /> • <br /> businesses. However. these start-ups.created about 50 percent fewer jobs than the previous • <br /> quarter. There were also more small business dissolutions. involving fewer jobs than the <br /> previous quarter. Among the seven regions, the Northeast showed the poorest performance at <br /> job creation-it had the lowest rate of job gains from expansions and the highest rate of job <br /> Northeast losses from business contractions. <br /> Region Small wood product manufacturers accounted for most new and expansion jobs in <br /> manufacturing. No large retail establishment opened in the Northeast this quarter. Significant <br /> 3rd Quarter, 1994 sources of new and expansion jobs were found in the service industry, including hotels and <br /> motels. health services, education. social services and local government. <br /> Number of Business Establishments <br /> Births Dissolutions Expansions Contractions <br /> Industry No. Rate(%) No. Rate(%) No. Rate(%) No. Rate(%) <br /> Agriculture D D D D D D 0 0.0 <br /> Mining D D 0 0.0 D D D D <br /> Construction 34 4.4 -34 -4.4 6 0.8 13 1.7 <br /> Manufacturing 15 2.9 -4 -0.8 10 1.9 D D <br /> Trans,Comm.Utilities 13 3.1 D D D D 6 1.4 <br /> Wholesale Trade 11 2.3 -5 -1.0 D D 0 0.0 <br /> Retail Trade 46 2.0 -27 -1.2 6 0.3 D D <br /> Finance, Ins.. Real Estate 21 3.0 -9 3 D D C • <br /> Services 56 1.9 -53 -1.8 27 0.9 18 0.6 <br /> Public Administration 0 0.0 D D 7 2.7 D D <br /> TOTAL 3rd Qtr., 1994 199 2.3 -145 -1.7 64 0.7 46 0.5 <br /> TOTAL 2nd Qtr., 1994 161 1.9 -126 -1.5 58 0.7 45 0.5 <br /> TOTAL 3rd Qtr., 1993 200 2.4 -103 -1.2 64 0.8 74 0.9 <br /> Number of Jobs <br /> Births Dissolutions Expansions Contractions <br /> Industry No. Rate(°/,) No. Rate(%) No. Rate(%) No. Rate(%) <br /> Agriculture D D D D D D 0 0.0 <br /> Mining D D 0 0.0 _D D D D <br /> Construction 43 1.0 -13 -0.3 101 2.4 -348 -8.2 <br /> Manutacturinc 31 1 0. 5» D <br /> Trans.Comm.Utilities 13 0.2 D D D D .126 -2.1 <br /> Wholesale Trade 17 0.4 -22 -0.5 D D 0 0.0 <br /> Retail Trade 236 0.9 -141 -0.6 75 0.3 D D <br /> Finance, Ins., Real Estate 40 1.0 -3 -0.1 D D D D <br /> Services 160 0.4 -54 -0.1 492 1.1 -345 -0.8 <br /> Public Administration 0 0.0 D D 109 1.7 D D <br /> TOTAL 3rd Qtr., 1994 561 0.5 -264 -0.2 1,062 0.9 -987 -0.9 <br /> TOTAL 2nd Qtr.. 1994 1.121 1.0 -342 -0.3 1.084 1.0 -862 -0.8 <br /> TOTAI 3rd Qtr., 1993 882 0.8 -219 .0.2 1,408 1.3 -1,640 -1.5 <br /> D = Suppressed to avoid disclosure of individual companc data. • <br /> Northeast Region Counties: Aitkin. Cariron. Cook Itasca. Koachichtng. Lake. and Sr. Louis. <br /> Note: See notes on Page 13 of Reporr for Terms. Definitions and Sources. <br /> • <br />