The Declining Local Bias of Entrepreneurship in the United States

We thank seminar participants for helpful comments. The research in this paper was conducted while the authors were Special Sworn Status researchers of the U.S. Census Bureau. Any opinions and conclusions expressed herein are those of the authors and do not necessarily represent the views of the U.S. Census Bureau. This research was performed at a Federal Statistical Research Data Center under FSRDC Project Number 1731 (CBDRB-FY21-P1731-R9046, R9048), 2396 (CBDRB-FY25-0020), and 2766 (CBDRB-FY26-P2766-R13059). All results have been reviewed to ensure that no confidential information is disclosed. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.