Check out these other amazing stats on small businesses creating jobs in America:
- The 23 million small businesses in America account for 54% of all U.S. sales.
- The 600,000 plus franchised small businesses in the U.S. account for 40% of all retail sales and provide jobs for some 8 million people.
- The small business sector in America occupies 30-50% of all commercial space, an estimated 20-34 billion square feet.
Small Business is thriving. Although, it is important to remember that part of the reason Small Business is doing well, is due to shoppers buying locally. This is an important factor we all should keep close to our wallets. Support your local business and improve the trend. Keeping your money in the community is the only way to help build it.
Keep up the good work small business owners! Most small businesses aim to help the economy for the betterment of all of us. By creating jobs around the world, small businesses under 99 employees brings more capital back to local neighborhoods.
Fact: Very Small Businesses (fewer than 20 employees) account for 20.4 million people employed
For more cool facts, check out the SBA.gov PDF of facts: Employment and Payroll Summary Report 2012 (published in Feb. 2015)
sba.gov small business trends impact