U.S. Virgin Islands & Puerto Rico data crucial as 2007 Economic Census begins.

This month, businesses will receive the 2007 Economic Census form, underscoring the importance of their participation in the U.S. Virgin Islands’ most comprehensive measure of business and industry taken every five years.

Economic census data provide the hard figures that businesses need when they consider expanding into new geographic areas or markets. Businesses can also look at benchmark values from the economic census to assess where they stand in the marketplace and to research market shares, salaries, product and sales trends, and site locations.

In the 2007 Economic Census, businesses are asked to report information such as employment, payroll, and the value of goods and services sold. Businesses that receive forms are required by law to respond.