Unlike other places, Lubbock businesses escaping bankruptcy - KCBD NewsChannel 11 Lubbock

7/18/10

Unlike other places, Lubbock businesses escaping bankruptcy

James Clark | email

LUBBOCK, TX (KCBD) - Lubbock has so far bucked a striking national trend of increased small business bankruptcies.  The Equifax credit rating bureau released a study late last week.  It shows Lubbock is among 15 metropolitan areas with the fewest small business bankruptcy filings in the first quarter of 2010.  Amarillo made the same list. 

Nationwide there are 24 million small businesses and most Americans are in fact employed by small businesses not large corporations.  Equifax says in part, "Small businesses in all regions continue to experience the impact of today's economic conditions."  By the way, Equifax defines small business a commercial entity with less than 100 employees.

Equifax says all of the following MSA's had 12 bankruptcies or less during Q1 2010:

  --  Hagerstown-Martinsburg, MD-WV
  --  Gainesville, FL
  --  Charleston, WV
  --  Lafayette, LA
  --  Pensacola-Ferry Pass-Brent, FL
  --  Baton Rouge, LA
  --  Ann Arbor, MI
  --  South Bend-Mishawaka, IN-MI
  --  Amarillo, TX
  --  Lubbock, TX
  --  Columbus, GA-AL
  --  Binghamton, NY
  --  Fort Smith, AR-OK
  --  Alaska - Rest of State
  --  Lynchburg, VA

Copyright 2010 KCBD.  All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • GOP health bill still a mystery before planned vote

    GOP health bill still a mystery before planned vote

    Monday, July 24 2017 3:25 AM EDT2017-07-24 07:25:34 GMT
    Monday, July 24 2017 8:47 AM EDT2017-07-24 12:47:37 GMT

    Senate Republicans are now considering two versions of similar legislation, one that would repeal and replace, and another that would simply repeal "Obamacare" with a two-year delay for implementation to give the Senate more time to agree on a replacement.

    Senate Republicans are now considering two versions of similar legislation, one that would repeal and replace, and another that would simply repeal "Obamacare" with a two-year delay for implementation to give the Senate more time to agree on a replacement.

  • Police: Man wounds 5 people in northern Swiss city

    Police: Man wounds 5 people in northern Swiss city

    Monday, July 24 2017 7:25 AM EDT2017-07-24 11:25:41 GMT
    Monday, July 24 2017 8:57 AM EDT2017-07-24 12:57:52 GMT

    Swiss police say that five people have been hospitalized, two of them with serious injuries, following an incident in the northern city of Schaffhausen.

    Swiss police say that five people have been hospitalized, two of them with serious injuries, following an incident in the northern city of Schaffhausen.

  • Girl's HIV infection seems under control without AIDS drugs

    Girl's HIV infection seems under control without AIDS drugs

    Monday, July 24 2017 4:15 AM EDT2017-07-24 08:15:34 GMT
    Monday, July 24 2017 8:49 AM EDT2017-07-24 12:49:28 GMT

    A South African girl born with the AIDS virus has kept her infection suppressed for 8 1/2 years after stopping anti-HIV medicines.

    A South African girl born with the AIDS virus has kept her infection suppressed for 8 1/2 years after stopping anti-HIV medicines.

Powered by Frankly