31 Mar 2025
📊Annual Business Survey 2025
Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Annual Business Survey
Summary
The Department of Commerce is soliciting comments on the Annual Business Survey (ABS) aimed at improving the measurement of business dynamics in the U.S. This survey collects data on R&D, innovation, and business demographics to support economic analysis and decision-making for various stakeholders. The ABS will influence strategic business assessments and reporting obligations.
Agencies
- Commerce Department
- Census Bureau
Business Impact
$$$ - High
The text discusses the Annual Business Survey (ABS) which collects significant business information from 230,000 businesses. This data will affect compliance reporting, provide insights on research and development (R&D) costs, and influence economic metrics like GDP, impacting strategic planning for business owners.