About
Welcome to Twin Cities Coworking
Fend off the pitfalls of working alone and join us as we share space and network organically. Coworking inspires the free flow of ideas, as professionals from many different disciplines provide unique perspectives and accelerated serendipity.
Whether you are working solo, in the presence others, or collaborating with fellow members, coworking increases productivity and inspires the great ideas that spring up through spontaneous brainstorming.
Located on the downtown Minneapolis skyway system, our proposed space will provide a unique opportunity for independent business people, freelancers, consultants and mobile workers to gather in a well-designed, collaborative work environment. The space will combine the best elements of a professional workspace with a comfortable, communal environment. Other premium locations across the Twin Cities Metro area will follow soon, allowing you to meet your clients wherever they are.
Twin Cities Coworking President, Stephen P. Filing, and his team are creating the optimal office space, allowing you to be as comfortable, connected and proficient as possible. Work independently or collaboratively. Meet with your team or clients without having to deal with the noise and crowds of a coffee shop. Enjoy premium space on the skyway in downtown Minneapolis without up front expenditures or multi-year lease agreements.
Twin Cities Coworking’s intended initial location is at 250 2nd Avenue in downtown Minneapolis on a new streetscape near a major bus hub, only three blocks from two light rail stops and directly connected to the largest skyway system in the world linking nearly 80 blocks of downtown attractions, businesses, restaurant and hotels.
Small Business Statistics
First, some statistics. In the United States alone there are nearly 27 million small businesses, according to statistics from the Small Business Administration (SBA). The generally accepted definition of “small business” is under 500 employees. (Although for lending, contracting and other purposes the SBA actually has a variety of size standards depending on the industry).
But let’s break these numbers down further:
Of those ~27 million small businesses, approximately 20.4 million are solo players. That is, they are single-person businesses. These are what are called “nonemployer” businesses in government terminology, because they have no employees (assuming you do not count the owner). For detailed numbers of nonemployer businesses, visit this U.S. Census report.
Of businesses considered “employer” businesses, there are 5.9 million as of the 2005 U.S. Census — the latest figures available. Of these, the vast majority, or 5.3 million, have fewer than 20 employees. For the full breakdown, visit this chart from the SBA’s Office of Advocacy for employer business statistics
When you add the totals of the nonemployer (single person) businesses and those businesses that have employees, that’s how you get to nearly 27 million small businesses in the United States.
To net it all out, the vast majority of small businesses — 25.7 million — have either one person in the business (the owner) up to 19 employees. Roughly 600,000 have between 20 employees up to 499 employees.
So as you can see, the small business market consists mainly of millions of businesses which are very … well … small. The larger end of the small business market is fairly limited.
-According to the US Department of Labor, Bureau of Labor Statistics.
