State: Business Ownerships in Pocatello

Saroj Lamichhane

The participation of men in businesses is higher than that of women across the states. Small cities like Pocatello have 1,423 women ownerships and 1,924 men ownerships out of 56,266 people.

The United States Census Bureau reports by 2012,  there are a total of  4, 272 firms in Pocatello. The neighboring city Boise has 23, 407 firms that are five times higher than Pocatello.

The trend of women's empowerment in business across the country is low. There are 9.88 million of women-owned firms in the U.S, whereas 14.85 million firms have male ownership out of 327, 2 million of the total population. It is 1.6 times higher than that of female ownership.

NextGen Chamber of Commerce, Amy English said in the National Association of Women Business Owners conference “Women and next-gen women entrepreneurs are an integral part of the economy. It is vital to provide resources and support to this growing business movement.”

The few business ownerships in Pocatello clearly shows there are business opportunities to come and potentially to increase the population and the local economy. Just like how Idaho potatoes are distributed all across the states, focusing on agriculture itself can potentially boom Idaho’s regional economy.

The Bannock Development Corporation president and CEO, John Regetz, who recently participated in the annual Shooting Hunting Outdoor Trade (SHOT) Show said the show offered the Bannock Development an opportunity to support Idaho Commerce’s efforts and recruit recreation technology companies that will offer advanced manufacturing jobs.

“Recreation technology companies are attracted to the outdoor resources and recreation culture in Idaho for developing and testing their products. They are a great fit for Bannock County’s excellent manufacturing resources and recreation opportunities including world-class skiing, mountain biking, hunting, and fishing,” said Regetz. This shows tech companies in Idaho are still in high demand.

In Pocatello, the per capita business for men is 0.45 and women are 0.33. The report also shows a significant difference in the country’s per capita measurement. The U.S. has a 0.54 per capita business for men and 0.04 for women.

The demographics show there are 294 veteran-owned firms and 3,522 nonveteran-owned firms in Pocatello. The data also categorizes minority and non-minority firms with  278 and 3,778.

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