Added 1.9
Million Net New Jobs, Latest Data Shows WASHINGTON,
D.C. – Small business continued to create America’s new jobs in 2004,
according to the latest data. The updated United States Small Business Profile
released today by the Office of Advocacy of the U.S. Small Business Administration
shows that small businesses added 1.9 million net new jobs during the latest year
studied. “Small businesses are America’s job-creating
dynamo,” said Dr. Chad Moutray, Chief Economist for the Office of Advocacy.
“Clearly policymakers need to consider their impact on small business when
they are making policy decisions.” Updated data and
statistics on America’s small businesses are available at www.sba.gov/advo/research/profiles.
The updated profile also shows that: - In 2006, the nation had an estimated
26.8 million small businesses, of which 6.1 milion were employer firms.
- Small
businesses employed 50.9 percent of the nation’s non-farm private workforce
in 2004.
- America had 1.1 million Asian-owned firms, 1.2 million
Black-owned firms, 1.6 million Hispanic-owned firms, 201,400 Native American-owned
firms, and 28,900 Native Hawaiian and Pacific Islander-owned firms in 2002 (latest
data). (Note: cannot be totaled, as business owners chose multiple ethnic and
racial categories).
- Women-owned firms totaled 6.5 million and
generated $940.8 billion in revenues in 2002 (latest data).
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 and a copy of all the state and territory small business profiles,
visit the Office of Advocacy website at www.sba.gov/advo.
Credit: http://www.sba.gov/advo/press/07-34.html
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.
Related
Information: NBA
Strategic Partner - U.S. Small Business
Administration (SBA) NBA
Resource Article - Women-owned
Firms Increase Nearly 20 Percent NBA
Resource Article - Small
Business Research, Statistics Easier To Find Reprint
of this article does not constitute an endorsement by the National Business Association;
the article is for informational purposes for our members and viewers of our Web
site. |
| |
