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What's New with Small Business - Small Business Administration
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What's New with Small Business - Small Business Administration
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WHAT IS A SMALL BUSINESS? A small business is an independent business with fewer than 500 employees. BED, [1993-2016]. S
August, 2017
WHAT IS A SMALL BUSINESS?
Small businesses accounted for 62% of net new jobs.
62%
A small business is an independent business with fewer than 500 employees.
NET NEW JOBS
BED, [1993-2016]
SMALL BUSINESSES COMPRISE: ALL FIRMS
ALL FIRMS with paid employees
EXPORTING FIRMS
KNOWN EXPORT VALUE
99.9%
99.7%
97.6%
32.9%
PRIVATE SECTOR EMPLOYEES
PRIVATE SECTOR PAYROLL
47.8%
41.1%
SUSB, NES [2014], ITA [2015]
29.6M SMALL BUSINESSES IN THE U.S. 20%
Paid Employees
392K CLOSURES
404K STARTUPS*
*A startup is a firm less than one year old.
80% No employees
SUSB, NES [2014]
20M
19.2M
10M
8.0M
5M
273K Nonminority
Minority
14.8M
NUMBER OF FIRMS
15M
SBO [2012]
BDS [2014]
American Indian and Alaska Native
US CENSUS BUREAU NES Nonemployer Statistics BDS Business Dynamics Statistics SBO Survey of Business Owners SUSB Statistics of US Businesses
9.9M
1.9M
2.5M
2.6M
3.3M
2.5M
Asian
Veteran
Black or African American
Hispanic
Equally Male/ Woman Owned
BED ITA
Business Employment Dynamics, Bureau of Labor Statistics International Trade Administration, US Department of Commerce
Woman Owned
Male Owned
For even more information visit
www.sba.gov/advocacy
https://go.usa.gov/xRVyr
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