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<br />Emp/oyer Size
<br />Although most of Pleasanton's jobs occur in larger companies, small business has played an
<br />increasingly prominent role in the local economy. As documented by the Tri-Valley Business
<br />Council's Preserving Prosperity Project, many of these small, rapidly growing firms are
<br />involved in "knowledge" economy activities such as producing biomedical products, software
<br />and communication technology. These types of entrepreneurial, innovative companies are
<br />considered as the linchpin to economic sustainability by economists, and create a uniquely
<br />strong foundation for Pleasanton and the Tri-Valley's economy.
<br />
<br />In 2004 (see Table 15), almosta5 percent of Pleasanton's finns reported up to 25
<br />employees, including a large segment (half of all finns) with just 0 to 4 employees. In total,
<br />these employers contained approximately 22 percent of all jobs in Pleasanton. Mid-sized
<br />employers, with 26 to 75 workers, made up 12 percent of total firms. but accounted for 21
<br />percent of the City's jobs. The largest finns, with 76 or more employees comprised just five
<br />percent of the total number of firms, but provided 57.2 percent of total jobs in the City.
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<br />Table 15: Pleasanton Businesses by Finn Size, 2004
<br /> Firms Employees AqQreqate Waqes
<br /> %of
<br />Firm Size Number % of Total Number % of Total Total S Total
<br />0-4 Employees 1.347 50.4% 2.309 4.1% $28,437,382 3.6%
<br />5-10 Employees 533 19.9% 3,681 6.6% $42,866.352 5.4%
<br />11-25 Employees 386 14.4% 6,379 11.4% $72,116,872 9.1%
<br />26-50 Em pJoyees 192 7.2% 6,745 12.0% $88,851,B08 11.2%
<br />51-75 Employees 80 3.0% 4,837 8.6% $71,455,653 9.0%
<br />76-125 Employees 51 1.9% 4,983 8.9% $78,882,356 10.0%
<br />126-300 Employees 55 2.1% 10,375 18.5% $139,098,755 17.6%
<br />301 + Employees 29 1.1% 16,691 29.8% $268,743,704 34.0%
<br />Total 2,673 100.0% 55,999 100.0% $790,452,882 100.0%
<br />
<br />Note: All data is for the third quarter of 2004, the most recent data available. Data
<br />for number of firms and number of employees was reached by averaging Q3
<br />monthly data.
<br />Approximately 0.02% of firms included in this analysis did not list a physical address.
<br />However, the zip codes for these firms are those primarily
<br />used for the City of Pleasanton, and are assumed to be within the City limits.
<br />
<br />Sources: CA Employment Development Department, 2005; Bay Area Economics, 2005.
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<br />Business Formation
<br />An analysis of Pleasanton business license data was conducted to track the "births", or start-
<br />ups, and "deaths", or cessation, of businesses in the local economy. Table 16 profiles
<br />business formation/cessation of all business license holders in Pleasanton, excluding
<br />licenses for vending machines, and apartment buildings. As shown, recent years have seen
<br />substantial activity related to business formations: more than 30 percent of existing licenses
<br />
<br />Pleasanton Economic Development Background Report
<br />RNAL - January 2006
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