Overview
Mansfield, a bustling city with diverse economic activities, exhibits significant trends in employment, business growth, and sector dynamics. With a total of 28,358 employees, the city has seen a considerable number of businesses raising employee numbers. Key sectors like wholesale, retail trade, construction, and administrative services dominate the landscape. However, emerging sectors are also making their mark. The absence of IPOs, a moderate employee growth rate, and a healthy number of scaleups and new companies suggest a dynamic yet stable business environment.
Employment and Business Growth
- Total Employees: Mansfield has 28,358 employees. The city experienced a 9.36% employee growth rate, indicating a healthy expansion in the job market.
- Employee Raisers: 17 companies have increased their employee count, signifying positive employment trends.
- Sector Dynamics: The leading sectors are wholesale/retail trade (18.68%), construction (14.46%), and administrative services (11.68%). These sectors form the backbone of Mansfield’s economy.
- Emerging Sectors: Notable growth is seen in diverse fields like advertising, automotive, and internet platforms, reflecting an evolving economic landscape.
Business Continuity
- Company Cessations: With zero reported company closures, Mansfield shows strong business resilience.
- Scaleups: The presence of 27 scaleups indicates a nurturing environment for growing businesses.
- New Companies: In the past two years, 1,086 new companies were founded, adding to the total of 2,245 new companies, demonstrating a vibrant startup scene.
- SMEs and Exporters: The city has a substantial number of SMEs (4,500) and exporters (111), contributing significantly to the local and global economy.
Diversity and Innovation
- Gender Representation: In the realm of company founders, there is a gender disparity with 12.5% female and 87.5% male founders. Directorship roles show a slightly better balance with 30.15% female and 65.88% male directors.
- Innovation Indicators: Mansfield has a modest number of patent owners (32) and grantees (2), indicating some level of innovation activity.
- Young Companies and Directors: The city has 567 companies with young directors, suggesting a promising future with new leadership perspectives.
Conclusion
Mansfield’s economic landscape is marked by robust employment growth, a diverse sectoral makeup, and a thriving SME and startup ecosystem. While gender disparity in leadership roles remains a challenge, the city’s business continuity and emerging sectors point towards a resilient and evolving economic environment.