A new study found that Tucson is the metro area with the most family owned businesses, where 33.95% of firms are family-owned .
This comes from OnDeck, who looked at the most recent edition of the U.S. Census’ Annual Business Survey, which covers the 2022 reporting period, to reveal the trends facing family-owned businesses in America in today’s economy: https://www.ondeck.com/resources/states-metros-family-owned
The ranking below shows the metropolitan areas with the highest and lowest proportions of family firms :
The U.S. Small Business Administration defines a family business as one that is majority-owned by at least two members of a family. Around 27.3% of businesses are family-owned — most of these are small businesses (fewer than 500 employees), and
indeed 72.8% have f