Radius has collected data on over 20 million small and medium businesses in the US by aggregating information from various online and offline sources. It validates and updates this data to create a comprehensive and constantly evolving dataset. This dataset represents the totality of local business activity in America and allows for insights into industry trends, social media usage, and other metrics across local markets.
2. Radius has amassed an unmatched amount of data documenting the existence and activities of over 20
million small- and medium-sized U.S. businesses. By collecting and organizing local information from
across the web and other sources, Radius offers comprehensive insights derived from billions of pieces
of information. Radius validates data by matching disparate data entities and updates any changes to
business information, new business openings and closings, and social media activity. The result is the
only living, breathing data set representing America's local businesses.
The Data
3. The Local Business Economy
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22.9 Million Active Businesses
In March, we tracked 22.9 million local
businesses in the United States. Of
those businesses, 22% had physical
storefronts. This number is down
from February when we indexed more
than 23 million local businesses, of
which 21.5% had physical storefronts.
Our index has been tracking local business trends for the past three
years and this March, we noticed substantial changes in industry pat-
terns and social activity around local businesses in the US. Tax ser-
vices naturally have picked up in the first quarter. The number of local
businesses previously running daily deals has declined more than 10%
in the past month. Longevity has its advantages; newer businesses
have been nearly two times as likely to go out of business in 2012 than
businesses that have been around for more than five years.
9.8%
Restaurants
3%
Pet Services
4%
Tax Services
22%
Physical
Stores
22.9 million
US Local Businesses
Notable industries this month
2% Beauty
Salons
3% Auto
Repair
.5% Farming
Supplies
Everything
Else
4. hot spot nation!
The local business economy accounts for 70% of the United States’
GDP. In 2013, local business growth has slowed according to our index.
Taxes, uncertainty around the country’s budget (i.e. The Sequester)
and ObamaCare have caused entrepreneurs and local business
owners to become more conservative and risk averse. While certain
industries, such as technology, have seen healthy growth, other indus-
tries in the local business economy are suffering. Highest growth
metros this month are SF and NYC contrasted with lower growth in
the South.
Southern CA is the
immigration law capital
of the country
Fun Statistics Countrywide
There are more than
1,500 bagel stands in
the Tri-State Area
You can eat BBQ ribs
at 300 places in Austin
Known for coffee,
there are 307 tea
rooms in Seattle
Marijuana is for sale at
131 dispensaries in Denver
Corner taverns
number 227 in Chicago
There are 101 businesses
that only sell fish bait in
Alabama
5. Social Media and Local Businesses
In February, our index indentified 5.5 million Facebook Pages for local
businesses. Despite the perception that Foursquare’s popularity
amongst users is waning, more than 2 million businesses were actively
checked-in to, almost double the number of businesses reviewed by
sites like Yelp, Citysearch, and Urbanspoon. While Twitter was the
least pervasive of the social media available, local businesses on
Twitter were quite active with many tweeting multiple times a month.
+66+22+11+30
Facebook
Pages
Social
Reviews
Twitter
Accounts
Foursquare
Businesses
5.5 Million
Active
Pages
1.3 Million
Actively
Reviewed 500k
Actively
Tweeting
2 Million
Actively
Checked-in to
Local Business Social Page Activity
6. Number of local businesses with official websites
available to the public.7.5M
Number of 5-star local businesses who have run a daily
deal with Groupon, Livingsocial, or any of the other 250
copy-cats.
13K
Number of physical US local businesses with fewer than
five employees.5M
Number of local businesses holding events in the next
three months.49K
Number of local businesses mentioned by blogs or
local news outlets in the last 12-18 months.573K
7. The Great State of Louisiana
For a state whose major cities have been bombarded by a series of
hurricanes and obscure weather events, Louisiana has a lively local
business economy. Almost 20% of all local businesses have an active
presence on a social media platform. However, Louisianans don’t
seem to care much for reviewing their favorite places.
Oh, and foodies: Be sure to try one of New Orleans’ 87 traditional
French restaurants!
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Facebook
51,775 pages
Reviewed
10,781 locations
Twitter
5,265 accounts
Foursquare
29,972 businesses
checked-in to
Only 3,155 of Nola’s 138,025
businesses are located in the
famous French Quarter
“The Pelican State”
329,695 local businesses indexed
8,876 restaurants
1,267 florists
342 fish markets
8. Local Business Zeitgeist
April 2013
Identifying and engaging with the right local businesses can be overwhelming due to the disorganized -
and often contradictory - nature of local business information. Radius delivers the only centralized view
of data on over 20 million local businesses by aggregating and organizing from thousands of online and
offline sources, including social media sites like Facebook, Twitter, Google, Foursquare, Opentable, blogs
and more. Every business – whether large or small, established or pioneering – can now do business with
each other easier than ever before.
Based in downtown San Francisco, Radius's technology has been under development since November of
2008. Data scientists, engineers, and sales experts run the company. Management and the Board of
Directors consist of leaders from Facebook and Intuit and investors include American Express, Comcast,
and Blue Run Ventures.
About Radius