The Michigan Municipal League is sharing this at the request of the U.S. Census Bureau. The hope is that local communities share this information with local businesses because the information collected from this census will be very helpful for communities that use it to attract new businesses, assess the economic health of their localities, understand the characteristics of their business base, and compare their community to other areas. Individuals can use census results to identify emerging job markets and growing industries.
The Economic Census is about to begin and is the official five-year measure of American business and the economy. Data provided by businesses fuels the most comprehensive economic statistics available, representing all U.S. industries and geographies. The Census will be conducted beginning in January 2023 – response is due by March 15th and is required by law.
A link about the Economic Census geared to state and local stakeholders can be found here, a promotional link can be found here, and an FAQ about the Economic Census can be found here. These sites will be updated and built out in the coming weeks, so please check back periodically.
The 2022 Economic Census is a legitimate survey of the U.S. Census Bureau, and a response is required by law. Data provided by businesses fuels the most comprehensive economic statistics available, representing all U.S. industries and geographies. Data collection for the 2022 Economic Census will start on October 24, 2022, with selected small companies receiving requests for industry classification information.
The main mailing of the 2022 Economic Census will begin on January 31, 2023, with responses due on March 15, 2023. Businesses that receive notification are required by law under Title 13, Section 224, to respond. Respondents will use an online portal, making filing easier, while also improving data quality and reducing costs.
The Economic Census helps every American. Businesses use Economic Census data to make decisions about where to locate, how much to produce, and to compare their performance to other businesses in their industry or community.
Local communities use Economic Census results to attract new businesses, assess the economic health of their localities, understand the characteristics of their business base, and compare their community to other areas. Individuals can use census results to identify emerging job markets and growing industries. Click on the following link (Census Business Builder: Small Business Edition) to see how Census economic data can profile businesses and their customers for various localities.
Get more information about the Economic Census here.