{
 "api_version": "v1",
 "data": {
  "naics": "316210",
  "label": "Footwear Manufacturing",
  "scope": "United States",
  "operators": 56,
  "employees": 2056,
  "pay_per_employee_usd": 51887,
  "made_of": {
   "occupation": "Shoe Machine Operators and Tenders",
   "share_pct": 29.03,
   "concentration_vs_economy": 14139.2
  },
  "licence_gate": {
   "occupation": "Shoe Machine Operators and Tenders",
   "jurisdictions_licensing": null,
   "jurisdictions_searched": 54,
   "us_jurisdictions_total": 56,
   "exam_gated_licences": null,
   "matched_by": null,
   "marginal": false
  },
  "labour": {
   "defining_occupation": "Shoe Machine Operators and Tenders",
   "employed_nationally": 3180,
   "median_wage_usd": 37920
  },
  "licensed_occupations": [
   {
    "occ_title": "Inspectors, Testers, Sorters, Samplers, and Weighers",
    "share_pct": 2.11,
    "ratio": 5.2,
    "defining": false,
    "states": 12,
    "licences": 29,
    "matched_by": "soc"
   },
   {
    "occ_title": "Maintenance and Repair Workers, General",
    "share_pct": 2.22,
    "ratio": 2.4,
    "defining": false,
    "states": 4,
    "licences": 5,
    "matched_by": "soc"
   }
  ],
  "acquisition_lending": {
   "naics": "316210",
   "business_age": "acquisition",
   "loans": 42,
   "gross_usd": 11376300,
   "guaranteed_usd": 8494100,
   "median_loan_usd": 211362,
   "mean_rate_pct": 7.57,
   "mean_term_months": 114,
   "jobs_supported": 286,
   "years": "FY2014\u2013FY2026",
   "charge_off": {
    "pct": null,
    "resolved": 15,
    "read": "Only 15 seasoned loans have reached an outcome in this industry \u2014 too few to publish a rate. That is a thin lending history, which is itself worth knowing before assuming a lender will fund your deal."
   },
   "peer_rank": null
  },
  "cost_structure": {
   "margin_pct": 50.7,
   "cost_basis": "materials",
   "receipts_usd": 1603240000,
   "value_added_usd": 813268000,
   "vintage": 2022,
   "read": "Margin computed by the Census Bureau as value added \u2014 receipts less the cost basis named. NULL where Census publishes no cost structure for the sector, which is most service industries; in that case use labour_share_of_receipts_pct and do NOT call it a margin."
  },
  "revenue_distribution": {
   "vintage": 2022,
   "firms": 206,
   "labour_share_of_receipts_pct": 23.5,
   "bands": [
    {
     "band": "<100",
     "lo": 0,
     "hi": 100000,
     "firms": 18,
     "share_pct": 8.7,
     "cumulative_pct": 8.7,
     "labour_share_pct": 22.6,
     "adjusted": true
    },
    {
     "band": "100-499",
     "lo": 100000,
     "hi": 499000,
     "firms": 66,
     "share_pct": 32.0,
     "cumulative_pct": 40.8,
     "labour_share_pct": 28.1,
     "adjusted": true
    },
    {
     "band": "500-999",
     "lo": 500000,
     "hi": 999000,
     "firms": 28,
     "share_pct": 13.6,
     "cumulative_pct": 54.4,
     "labour_share_pct": 31.7,
     "adjusted": true
    },
    {
     "band": "1,000-2,499",
     "lo": 1000000,
     "hi": 2499000,
     "firms": 35,
     "share_pct": 17.0,
     "cumulative_pct": 71.4,
     "labour_share_pct": 30.0,
     "adjusted": true
    },
    {
     "band": "2,500-4,999",
     "lo": 2500000,
     "hi": 4999000,
     "firms": 14,
     "share_pct": 6.8,
     "cumulative_pct": 78.2,
     "labour_share_pct": 32.4,
     "adjusted": true
    },
    {
     "band": "5,000-7,499",
     "lo": 5000000,
     "hi": 7499000,
     "firms": 5,
     "share_pct": 2.4,
     "cumulative_pct": 80.6,
     "labour_share_pct": 29.5,
     "adjusted": true
    },
    {
     "band": "7,500-9,999",
     "lo": 7500000,
     "hi": 9999000,
     "firms": 11,
     "share_pct": 5.3,
     "cumulative_pct": 85.9,
     "labour_share_pct": 17.3,
     "adjusted": true
    },
    {
     "band": "10,000-14,999",
     "lo": 10000000,
     "hi": 14999000,
     "firms": 7,
     "share_pct": 3.4,
     "cumulative_pct": 89.3,
     "labour_share_pct": 21.3,
     "adjusted": true
    },
    {
     "band": "15,000-19,999",
     "lo": 15000000,
     "hi": 19999000,
     "firms": 5,
     "share_pct": 2.4,
     "cumulative_pct": 91.7,
     "labour_share_pct": 32.5,
     "adjusted": true
    },
    {
     "band": "100,000+",
     "lo": 100000000,
     "hi": null,
     "firms": 17,
     "share_pct": 8.3,
     "cumulative_pct": 100.0,
     "labour_share_pct": 24.8,
     "adjusted": true
    }
   ],
   "read": "Firms by RECEIPT SIZE. Labour share is payroll over receipts \u2014 not gross margin, which cannot be derived because Census publishes no cost of goods. Enterprise-level: a firm is counted once at its total size, not per location."
  },
  "standing": {
   "naics4": "3162",
   "percentile": 22,
   "peers": 287,
   "years": [
    2019,
    2023
   ],
   "net_formation_pct": -1.3,
   "band": "dying faster than it is forming",
   "calibration": {
    "rho": 0.57,
    "windows": 4,
    "separation_pp": 42.6
   },
   "read": "Among 287 industries, this one sits at the 22th percentile on net establishment formation over 2019-2023 \u2014 it is dying faster than it is forming. That signal carries a measured rank correlation of 0.57 with the following decade's growth across 4 backtested windows, separating top and bottom deciles by 42.6 percentage points. It describes the INDUSTRY, not a business in it, and it was calibrated against establishment growth rather than returns to an operator."
  },
  "rubric_coverage": {
   "covered": 50,
   "total": 100,
   "partial": 25,
   "absent": 25,
   "rubric": "O1.0-20260804"
  },
  "dimensions": [
   {
    "code": "O1",
    "weight": 25,
    "status": "evidenced",
    "predictive": "predictive",
    "evidence": "56 operators employing 2,056 people across 11 counted areas",
    "source": "US Census County Business Patterns"
   },
   {
    "code": "O2",
    "weight": 15,
    "status": "partial",
    "predictive": "not backtested",
    "evidence": "$302,367,361 in federal awards to 13 distinct recipients, largest buyer Department of Defense. That is ONE buyer \u2014 federal procurement \u2014 not the private market, so it evidences that this work is paid for at scale, not what a private customer pays.",
    "source": "USASpending.gov \u2014 US federal government work, public domain"
   },
   {
    "code": "O3",
    "weight": 15,
    "status": "no producer",
    "predictive": "not backtested",
    "evidence": "No occupation in this industry's top eight matched the register. That is not evidence of being unlicensed.",
    "source": "CareerOneStop / ARC, U.S. Department of Labor"
   },
   {
    "code": "O4",
    "weight": 15,
    "status": "evidenced",
    "predictive": "not backtested",
    "evidence": "3,180 Shoe Machine Operators and Tenders employed nationally at a $37,920 median wage",
    "source": "BLS Occupational Employment and Wage Statistics, May 2024"
   },
   {
    "code": "O5",
    "weight": 10,
    "status": "no producer",
    "predictive": "not backtested",
    "evidence": "Per-operator enforcement records exist for some jurisdictions but are not loaded against industries, only against named businesses.",
    "source": "none"
   },
   {
    "code": "O6",
    "weight": 10,
    "status": "partial",
    "predictive": "not backtested",
    "evidence": "Margin is 50.7% of receipts, computed by the Census Bureau as value added \u2014 receipts less cost of materials \u2014 across $1.6bn of industry receipts. This is a REAL cost structure, not a labour proxy: Census collects one for this sector. Payroll is 23.5% of receipts alongside it.",
    "source": "US Census Economic Census 2022"
   },
   {
    "code": "O7",
    "weight": 10,
    "status": "evidenced",
    "predictive": "DESCRIPTIVE ONLY",
    "evidence": "1.06 establishments per firm in 2023 across 187 firms and 199 establishments: owner-operators \u2014 one firm, one site, so growth means working more hours. 23 firms closed entirely that year, an establishment exit rate of 12.626%.",
    "source": "US Census Business Dynamics Statistics \u2014 public domain"
   }
  ]
 },
 "sources": [
  "US Census CBP 2023",
  "BLS OEWS 2024",
  "CareerOneStop licence register 2024",
  "Census BDS 1978-2023",
  "USASpending 2021-2025"
 ],
 "gaps": [
  "licences in any state \u2014 no occupation in this industry matched a title in the national register. That may mean unlicensed, or licensed municipally, and the two are different findings.",
  "occupation mix for NAICS 316210 \u2014 the labour statistics carry no rows at this level, so everything about occupations here, including the defining occupation and its licence gate, is measured at NAICS 316200, a broader grouping. Establishment counts are for 316210 itself.",
  "bonding_required_usd \u2014 no producer, and not estimated"
 ],
 "licence": {
  "federal_public_domain": "US Census, BLS and USASpending figures are works of the United States Government, public domain under 17 U.S.C. 105. Freely usable, redistributable and resaleable.",
  "occupational_licences": "Licence data derives from CareerOneStop, sponsored by the US Department of Labor, ETA. Supplied on condition it remains publicly available at no cost and without a log-in.",
  "our_analysis": "Rubrics, scoring, backtests and written analysis are 8th Wave Media LLC. The facts underneath them are not.",
  "not_advice": "Research against public records. Not investment, legal, tax or accounting advice, and no figure here is a prediction about your business."
 },
 "attribution": "RootOptics \u2014 ro.8thwavemedia.com"
}