The sample profile fits the basic business demographics in New York State. Of the 435 respondents, 30 percent are located in the downstate area, defined as New York City, and Nassau, Suffolk, Westchester and Rockland counties. The remaining counties across the state comprise the upstate area; 68 percent of the respondents are located upstate. Ninety-four percent of the respondents are privately held companies. Over 71 percent are defined as small businesses, meaning they have 100 or fewer employees. Another 5 percent of the respondents define themselves as "self-employed." The remaining 24 percent employ 100 or more workers. Overall, this sample of businesses generates an average of $23 million in annual revenue. Twelve percent of the respondents had annual revenues of less than $1 million; 18 percent had revenues of $1 to $5 million. Another 25 percent generate $6 to $10 million in revenues; 23 percent report revenues of between $11 and $20 million; and 22 percent have revenues of $21 million and over.
Twenty-five percent of the downstate businesses reported their annual revenues were $1 to $5 million, while 15 percent of the upstate businesses said they fell within that range. Twenty percent of the downstate businesses reported annual revenues of $11 to $20 million, compared to 24 percent of the upstate businesses.
Size and annual revenues are, predictably, related. Fifty-one percent of the businesses with 100 or more employees had annual revenues in excess of $21 million, compared to 11 percent of those with fewer than 100 employees. Of those reporting revenues of less than $1 million, 14 percent are small businesses, versus 6 percent of those with 100 or more employees. Mean revenues for small businesses were $11.6 million, compared to $50.5 million for those with 100 or more employees. The median revenues for small businesses are $7.2 million, compared to $20.8 million for those with more than 100 employees.