Contract - October 2012 - (Page 22)

Randy Fiser, CEO and executive vice president of the American Society of Interior Designers (ASID), delivered the organization’s first annual State of the Industry address at the National Press Club in Washington, D.C. on September 18. The full transcript of the speech is available at asid.org, and the following is a condensed excerpt focused on the business of design. Let’s start with where interior designers work. In 2011, of the more than 58,000 employed in interior design in the United States, approximately 41,000 interior designers were working in 12,000 firms, and 17,100 interior designers were self-employed. As might be expected in a service industry, the distribution of interior designers throughout the United States correlates with the availability of client populations. California, Texas, Florida, and New York—all a luent and populous states—rank highest among all U.S. states and territories in total number of employed interior designers. Nearly four in 10 interior designers work in one of these four states. Interior design firms generated revenues of just under $7.3 billion in 2011. The 17,100 self-employed designers add another $1 billion to design revenues. And, architecture firms reported an estimated $1 billion in revenue from interior design services, bringing the total to over $9 billion. Many interior designers own or are partners in their firms. Among ASID members, more than half identify themselves as owners or principals in a firm. A large number of these firms are women-owned businesses. While a recent American Express study found that 29 percent of all businesses in the United States are women-owned, within interior design more than two-thirds are solely women-owned or equally men- and women-owned. These firms are small businesses, typically with five or fewer employees, yet they employ more non-designers than designers. In 2011, about one-fourth of the more than 58,000 employed in interior design in the United States were designers. And the firms had a combined payroll of over $2.2 billion. Interior designers also regularly outsource work to draftsmen, consultants, and other professionals, as well as hire contractors, craftsmen or tradespeople for specific services on projects. In 2011, they paid out nearly $3.5 bllion for outsourced and contracted work. And, of course, interior design business means revenue for federal, state, and local governments. In addition to payroll and Social Security taxes, design firms paid $93.6 million in taxes and licenses in 2011. Randy Fiser is the executive vice president and CEO of the American Society of Interior Designers (ASID) . Select No. 90 at ContractDesign.com/readerservice contractdesign.com OCTOBER 2012 PHOTOGRAPHY: COURTESY OF ASID INDUSTRY NEWS ASID EVP/CEO Delivers State of the Industry Speech http://www.asid.org http://www.anthro.com/contract http://www.anthro.com/contract http://www.ContractDesign.com/readerservice http://www.contractdesign.com

Table of Contents for the Digital Edition of Contract - October 2012

Contract - October 2012
Contents
Editorial
Industry News
Exhibition: HD Boutique
Product Focus: Take a Hint
Product Briefs: Health and Wellness
Dale and Frances Hughes Cancer Center
Los Angeles Center for Women’s Health
Paul S. Russell, MD Museum of Medical History and Innovation
Healthcare Environment Awards
Kaleida Health, Clinical and Medical Research Building
Old Town Recovery Center
Baystate Medical Center
Legacy Health Randall Children’s Hospital
Memorial Sloan-Kettering, Brooklyn Infusion Center
Community Hospital @ Yishun
Mercy Medical Center Rooftop Garden
Rehab + Space Center
Heart Care Center
Practice: “Next Practices” in Healthcare Design
Design: Foster + Partners Develops Master Plan for Cleveland Clinic Growth
Exhibition: Studio Gang Architects at the Art Institute of Chicago
Designers Select: Lighting
Sources
Ad Index
Renovation: Saving Lives by Updating an Icon

Contract - October 2012