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High SET employment establishment formations/all business establishments | State Indicator S-53

Net Formations of High Science, Engineering, and Technology Employment Establishments as a Percentage of All Business Establishments

The ratio of the number of net establishment formations that occur in industries with high employment in science, engineering, and technology (SET) occupations to the number of business establishments in a state indicates the relative expansion or contraction of high SET employment industries in a state's economy. The term "net formations" here refers to the difference between the number of business establishments that are formed in the indicated year and the number that ceased operations during the previous year.

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Net Formations of High Science, Engineering, and Technology Employment Establishments as a Percentage of All Business Establishments