One-person businesses generate big revenues
The 27,820 one-person businesses in the Reno-Sparks region generated more than $1.67 billion in revenue during 2006, the U.S. Census Bureau said last week.
Real estate companies accounted for the largest single portion of the revenue $409.9 million or 24 percent.
Other big categories were one-person professional services companies, with nearly 5,000 firms generating $286 million in revenue, construction companies, with 1,748 firms and $134 million in revenue, and retail trade with 2,466 firms and $128.8 million in sales.
The Census Bureau developed the statistics from tax returns filed with the Internal Revenue Service.
The revenues of one-person companies in the Reno-Sparks area averaged $59,984 in 2006, the Census Bureau said.
That’s well above the national one-person business average of $46,724, and it’s also higher than the state average of $58,404.
In Carson City, firms without employees reported average revenues of $86,241 well above the state average. A large number of one-person businesses in professional and technical areas helped pull up the average in Carson City.
The total revenues of one-person shops in the Reno-Sparks region were up 11.6 percent since 2002.
Heather Ashbridge, who started with Nevada State Development Corporation in 2008, previously served in several roles with the organization, including assistant vice president and loan officer. She is based in NSDC’s Reno office.