How Important Are Small Businesses In The U.S. Economy?
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According to the latest numbers from the Small Business Administrations Office of Advocacy, the numbers speak for themselves! Small firms…

 

Represent more than 99.7 % of all employers.
  • Employ more than half of all private sector employees
  • Pay 44.5 % of total U.S. private payroll.
  • Generate 60 to 80 percent of net new jobs annually.
  • Create more than 50 % of non-farm private gross domestic product
  • Supplied 22.8 % of the total value of federal prime contracts in 01.
  • Employ 39 percent of all high tech workers.
  • Produce 13 to 14 times more patents per employee than large firms.
  • Are 53 % home-based and 3 % franchises.
  • Make up 89 % of all identified exporters
  • Produced 20 % of the known export value in FY 2001.
 

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