NEWSRELEASE
For Release: February 9, 2006 Ten Reasons To Love Small Business The Heart Of The Nation’s Economy WASHINGTON, D.C. - Small businesses are the heart of United States’s economy,
and the Office of Advocacy of the U.S. Small Business Administration is sending
them this Valentine with the reasons to love them. Ten Reasons To Love Small Business 10. Small businesses make up 99.7 percent of all United States employers. 9. Small businesses create more than 50 percent of the American nonfarm
private gross domestic product (GDP). 8. Small patenting firms produce 13 to 14 times more patents per employee
than large patenting firms. 7. The more than 24 million small businesses in the United States are located
in every community and neighborhood. 6. Small businesses employ 50.1 percent of the United States’s non-farm
private sector workers. 5. Home-based businesses account for 53 percent of all small businesses. 4. Small businesses are 97 percent of America’s exporters and produce 26
percent of all export value. 3. United States saw an estimated 580,865 new small firms with employees
start-up in the last year measured. 2. There are approximately 4,115,900 minority-owned businesses and 6,492,795
women-owned businesses in the United States, and almost all of them are small
businesses. 1. The latest figures show that small business creates 65 percent or more of
America’s net new jobs. The Office of Advocacy, the “small business watchdog” of the government,
examines the role and status of small business in the economy and independently
represents the views of small business to federal agencies, Congress, and the
President. It is the source for small business statistics presented in
user-friendly formats and it funds research into small business issues. For more information, visit the Office of Advocacy website at
Contact: John
McDowell, (202) 205-6941
john.mcdowell@sba.gov
SBA Number: 06-04 ADVO
Press Kit
###
The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. The presidentially appointed Chief Counsel for Advocacy advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policy makers. For more information, visit
www.sba.gov/advo, or call (202) 205-6533.