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Top 10 Reasons to Love Small Businesses

  1. Small businesses make up 99.7 percent of all United States employers.
  2. Small businesses create more than 50 percent of the American non-farm private gross domestic product (GDP).
  3. Small patenting firms produce 13 to 14 times more patents per employee than large patenting firms.
  4. The more than 24 million small businesses in the United States are located in every community and neighborhood.
  5. Small businesses employ 50.1 percent of the United States non-farm private sector workers.
  6. Home-based businesses account for 53 percent of all small businesses.
  7. Small businesses are 97 percent of America’s exporters and produce 26 percent of all export value.
  8. United States saw an estimated 580,865 new small firms with employees start-up in the last year measured.
  9. There are approximately 4,115,900 minority-owned businesses and 6,492,795 women-owned businesses in the United States, and almost all of them are small businesses.
  10. The latest figures show that small business creates 65 percent or more of America’s net new jobs.

Information from the Business Advocacy Association.

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