TGILDW: A great long and safe Labor Day weekend, everybody. The Innovate staff is also taking time out to honor the American worker, so no Monday newsletter. (There will be barbecue, however.)
Today is Sept. 2, on which JRR Tolkien and Bob Denver passed, Walter Cronkite’s broadcast was expanded to 30 minutes and Arthur Eldred was named the first Eagle Scout.
Quick quiz: Which of the following was not an Eagle Scout? Shock-doc filmmaker Michael Moore, “Dirty Jobs” star Mike Rowe, actor Jimmy Stewart, radio personality John Tesh or TV dad Ozzie Nelson. Answer down below.
But first, this: The U.S. Census Bureau dropped a new report this week that’s designed to capture a one-year snapshot of the nation’s business sector.
Called the Annual Survey of Entrepreneurs, it’s actually a pile of data covering any U.S. firm that has paid employees, including millions that have been in business for many years and those that employ hundreds of thousands.
(Not that old and big can’t be entrepreneurial. Just look at General Electric.)
What’s new, mostly, is that the bureau plans to release the data annually, instead of every five years as it has in the past, capturing for the first time some of the little companies that – startup success being what it is – might come and go before the bureau gets to work on the five-year report, which will still be issued.
The data released this week is for 2014, so a bit crusty.
If you’re looking for startups, as we were, the bureau’s annual data still leaves you a little work to do. By our algebra, though, there are 1,725,000 U.S. firms that have been in business for five years or less – one popular measure of a startup – or about 32 percent of the total.
Roll it back to two years or less in business and the total is 482,000, or 9 percent.
(If that percentage held for Long Island, we’d have 900 or so startups, which seems high until you consider the number would include nail salons and delis.)
The Census Bureau survey is also crammed with data on minority and women representation in business, generally with few surprises. Women own about a fifth of all U.S. businesses with paid employees. Minorities are right behind, with about 1 million businesses owned. Asians are at the helm of more than 53 percent of that number, followed by Hispanics (31.5 percent) and African-Americans (11.4 percent).
Veterans owned 405,235 firms, or 7.5 percent.
The bureau plans to release additional 2014 info next month, including data on business innovation and R&D activities. We’ll keep an eye out for you.
SUNY Old Westbury has been awarded almost $300,000 from the National Science Foundation to study inquiry-based chemistry instruction. Cold Spring Harbor Lab was also awarded to continue its plant genome research.
Tops in health: Nixon Peabody has named Jericho office partner Michael J. Taubin the leader of its national health care practice – tops in the nation this year, according to U.S. News and World Report.
Taubin & team represent the health care industry along the entire continuum of care, including providers and payers and the related industries that serve both, with a focus on the Accountable Care Act, physician alignment issues, accountable care organizations, private equity pointed to healthcare, Medicaid and Medicare reform and consolidation within the healthcare industry.
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Hofstra University is leading the way forward on mechatronics, the engineering space in which mechanical, electronic and control systems bump up against computers.
NYIT students John Sanchez and Lana Kravtchenko are winners of top awards from the Angelo Donghia Foundation, including $30,000 stipends for a year of study abroad.
Stony Brook Medicine is pumping up its cardiovascular team.
Tops in tech: Brookhaven National Lab is a finalist for five R&D 100 awards, which honor the top technological advances of the past year.
The real buzz: Here’s everything that’s wrong with the New York State economic development program, according to EJ McMahon.
Kids stuff: The National Capital Consortium for Pediatric Device Innovation is handing out $250,000 in prizes at its annual pitch event, this in tandem with its annual innovation symposium. Pitch deadline is Sept. 12, so hustle.
Sure bet: Its fight with New York behind it, Draft Kings is raising big bucks.
Channeling: Steve Jobs continued working on an Apple TV project even after he stepped down as CEO due to pancreatic cancer.
He had us at Duolingo: 17 apps Terry Brock says you can’t be in business without.
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Not an Eagle: Oscar winning actor and World War II bomber pilot Jimmy Stewart was a Boy Scout for four years, but barely made it past Tenderfoot.
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Compiled by John Kominicki. Thanks for reading.