Represent 99.7 Percent Of All Businesses, Employ
57.4 Million
WASHINGTON, D.C. - Small business continues to
drive the United States economy, according to a report issued
today by the Office of Advocacy of the U.S. Small Business Administration.
Newly released data show that in 2005, small businesses represented
99.7 percent of all the nation’s employer businesses. Data
also show that they employed 57.4 million Americans or 50.6 percent
of the non-farm private sector workforce.
“Clearly small business is a major part
of our economy,” said Thomas M. Sullivan, Chief Counsel for
Advocacy. “Small businesses innovate and create new jobs
at a faster rate than their larger competitors. They are nimble,
creative, and a vital part of every community across the country.
This report will help remind policymakers and others of the important
role small business plays in the nation.”
The Small Business Profiles for the States and
Territories uses the latest federal government statistics to detail
small business’ contribution to the economy of the states,
District of Columbia, the nation, Puerto Rico, and the U.S. territories.
Small Business Profiles for the States and Territories from 2002
to present may be found at www.sba.gov/advo/research/profiles/.
Citing a variety of sources, data is updated
annually that documents the number and type of businesses, ownership
demographics including minority and women-owned statistics, employment
and financing data, and other business information.
The Office of Advocacy, the “small business
watchdog” of the federal 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 www.sba.gov/advo.
Credit: http://www.sba.gov/advo/press/06-17.html
Office of Advocacy of the U.S. Small Business
Administration (SBA) - www.sba.gov/advo
Office of Advocacy
U.S. Small Business Administration
NEWSRELEASE
For Release: September 28, 2006
Contact: John McDowell,(202) 205-6941
john.mcdowell@sba.gov
SBA Number: 06-17 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.
