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Small Business Trends
Small Business, Big impact!
One thing is for sure, as a small business owner you are not alone! There are millions of small businesses across the United States traveling the same road as you each and every day. Although your business operates in its own unique fashion, the cumulative impact of the small business sector is enormous.
Small business is BIG!
- The 23 million small businesses in America account for 54% of all U.S. sales.
- Small businesses provide 55% of all jobs and 66% of all net new jobs since the 1970s.
- The 600,000 plus franchised small businesses in the U.S. account for 40% of all retail sales and provide jobs for some 8 million people.
- The small business sector in America occupies 30-50% of all commercial space, an estimated 20-34 billion square feet.
Did You Know?
Small business drives the U.S. economy by providing jobs for over half of the private workforce.
Furthermore, the small business sector is growing rapidly. While corporate America has been "downsizing", the rate of small business "start-ups" has grown, and the rate for small business failures has declined.
- The number of small businesses in the United States has increased 49% since 1982.
- Since 1990, as big business eliminated 4 million jobs, small businesses added 8 million new jobs.
For more interesting facts about the Small Businesses community visit:
- U.S. Census Bureau's Statistics of U.S. Businesses
- U.S. Small Business Administration
- SBA Office of Advocacy's Firm Size Data
- DOE's Energy Information Administration
- National Small Business Association
Produced in partnership with the U.S. Small Business Administration, Business Gateway and ENERGY STAR®
