Power Breakfast: Small business improving, MARTA party, Cyber Monday, copper thefts, Delta, bank suit, Toyota, Google

There’s improvement among small businesses.

Atlanta and its northern suburbs experienced the largest decline in small business bankruptcies in the third quarter among metropolitan areas in a new study, AJC staffer David Markiewicz reports.

The number of small businesses in the Atlanta-Sandy Springs-Marietta area that filed for bankruptcy from July through September fell to 296 from 402 for the same period of 2009, according to an analysis by Atlanta-based Equifax.

The nearly 27 percent decline led the 15 U.S. markets with the most bankruptcies, Markiewicz writes. Chicago-Naperville-Joliet, Ill. posted the second-largest decrease, at about 17 percent.

Overall, 11 of the metro areas studied saw decreases from 2009, Markiewicz reports.

Equifax called small business bankruptcy filings “a key indicator of the financial health of business markets across the United States.”

Also in the AJC:

In other media:

- Henry Unger, The Biz Beat

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5 comments Add your comment

TnGelding

November 30th, 2010
5:39 am

Yes, things are improving, but not nearly fast enough for impatient patriots, who wanted it yesterday. I hope everyone saw the article in the print edition about the two small businesspeople that refused to lay off any workers. Folks, that’s what being a true American is all about. I wanted to link to it but didn’t ever see it online. May they and their employees continue to grow and prosper.

shadow7071

November 30th, 2010
7:45 am

This statistic, coupled with the slowing unemployment statistics, may be indicating that we’re either at or close to the bottoming out of this long decline. Conversely, the number of new business filings (in Ga.) continues to decline. That is to say that new businesses i.e., corporations, LLC, professional corporations, non-profits etc are not being created at the rate they were two and three years ago.

ajax

November 30th, 2010
9:10 am

uh, wouldnt the number of bankruptcies decline as the number of operating businesses goes down along with a reduction in the number of new businesses? in other words, the well is getting drier. not sure how this translates to small business getting better. with a reduction in new businesses popping up and the number of operating businesses going down, sounds like more of the same.

ajax

November 30th, 2010
9:13 am

and the equifax indicator only works when there is a buffer or a certain number of operating businesses, i.e. there is space to go up and down. when the number of businesses operating gets low, “health”, or bad health, is masked by the bottom, i.e. no businesses.

shadow7071

November 30th, 2010
11:05 am

Ajax, your analysis is correct. The well is getting drier. We continue to have businesses fail (may be at a slower rate) and we continue to see fewer new businesses created. I agree, I don’t know how this translates into an improvement for business. Not impressed with Equifax’s analyses. I think a real indicator will be the unemployment picture after the holiday season when the retailers resize their workforce.