Friday, March 4, 2011
How Rare Is It To Reach 100 Years?
It is difficult to accurately calculate the percentage of U.S. firms that are over 100 years old, but I will try. The U.S. census data for 2006 lists the number of U.S. firms at 6,022,000; our data base of companies over 100 years old is now at 540. This would indicate that only .00897 percent of U.S. firms are over 100 years old. We know our data base is incomplete and we add more firms every week, however it appears unlikely that the percentage of companies over 100 years old would approach even half a percent. (Even if the number of firms in our database doubles, the percentage is still just .0179.) Firms that do reach 100 should truly celebrate!