Description: Fostering new businesses facilitates a culture of entrepreneurship and fuels economic growth. To grow and support this culture, the county must fully understand both the characteristics of the existing employment market and the pipelines needed for cultivating the workforce of the future.
Performance Measure: Number of New Business Starts – represents the total number of new businesses operating in Fairfax County that registered and obtained a Business Professional and Occupational License (BPOL) tax to the Department of Tax Administration (DTA) during the tax year. Because BPOL is a self-reported tax, it may not provide a complete accumulation of total new business starts within the county. Data may not include businesses that may operate within a residential dwelling and have not registered yet with DTA.
Interpretation: New business starts that have been self-reported to the Department of Tax Administration has been declining since 2014.