Small businesses are the lifeblood of the U.S. economy

99% Of All Businesses In The U.S. Are Small Businesses

“Throughout my life – as a young girl in a working-class community, as an executive leader at a global company, and as a government official – I’ve seen the transformative power entrepreneurship can have on individuals, communities, and the global economy.”
– Jovita Carranza, SBA Administrator

Small Business By The Numbers

30.7 Million

U.S. Small Businesses

59.9 Million

Small Business Employees

65%

Small Businesses account for 65% of all Net New Jobs

40%

Female Owned

The U.S. Census Bureau defines a small business as an independent business having fewer than 500 employees. It’s impossible to overstate the importance of small businesses. In addition to supporting local economies across the county, they also make an incredible impact on America’s overall economy.

On average 50% of the population in your typical U.S. city is employed by small business. As a whole small businesses are responsible for employing about 60 million Americans.

American Dream ….Small businesses are the product of the business owner’s entrepreneurial spirit. By starting a small business, the business owner is taking charge of his or her future. Entrepreneurship fuels America’s economic innovation and prosperity and serves as a key means for families to move out of low-wage jobs and into the middle class.