Small Business Facts ...

Did you know…

We often hear of businesses too big to fail, but the truth is small businesses are the backbone of the economy.

A recent study by the U.S. Small Business Administration’s (SBA) Office of Advocacy counted 26.8 million businesses in the United States. Of those, 99.9% have fewer than 500 employees and as such are considered small businesses.

• 98.2% have fewer than 100 employees.

• 89.3% of the businesses in America have fewer than 20 employees

• 78.6% have fewer than 10 employees and

• 60.8% have fewer than 5 employees.

As we move into 2013, small businesses should be applauded for all they do in this economy and the jobs they provide.

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