SACRAMENTO - Recent statistics are showing a decline in the number of new, small businesses in the United States.
Some economists believe one reason fewer small businesses are opening up shop comes down to the fact that potential entrepreneurs are capitalizing on an improving job market, choosing to join the general workforce rather than venturing out on their own.
According to the Ewing Marion Kauffman Foundation, there were an estimated 514,000 new business owners per month in the U.S in 2012. That number is down from 543,000 per month in 2011, and 565,000 in 2010 which was the peak of the recession.
In regards to Sacramento specifically, the city recently made a list of the most unfriendly cities for small businesses, due in part to high tax rates.
But with the potential of a new arena being built downtown, there is hope that the local business landscape could look more appealing to prospective businesses.
The leader of the downtown partnership says people are already calling on vacant retail space because they know the space will be more valuable if the arena is built.
On the flip side, the small businesses that surround Sleep Train Arena in Natomas are bracing for the team leaving town. Whether the Kings head to Seattle or downtown, Natomas businesses who rely on the home games for up to 50 percent of their revenue fear the worst.