SMALL BUSINESSES COMPRISE · SMALL BUSINESSES COMPRISE: ALL FIRMS with paid employees ALL FIRMS...
Transcript of SMALL BUSINESSES COMPRISE · SMALL BUSINESSES COMPRISE: ALL FIRMS with paid employees ALL FIRMS...
SMALL BUSINESSES COMPRISE:ALL FIRMS
with paidemployees
ALL FIRMS
EXPORTING FIRMS
KNOWN EXPORT VALUE
PRIVATE SECTOR
EMPLOYEES
PRIVATESECTORPAYROLL
August, 2018
WHAT IS A SMALL BUSINESS?
BED, [2000-2017]
Smallbusinessesaccountedfor 66%of netnew jobs.
NUMBER OF FIRMS
SBO[2012]
15M
20M 19.2M
8.0M
273K 1.9M 2.5M 2.6M 3.3M 2.5M
9.9M
14.8M
10M
5M
Nonminority Minority AmericanIndian and
Alaska Native
Asian Veteran EquallyMale/
WomanOwned
Black orAfrican
American
Hispanic WomanOwned
MaleOwned
BDS[2015]
414K STARTUPS*396K CLOSURES
* A startupis a firm
that is lessthan oneyear old.
30.2M SMALL BUSINESSES IN THE U.S.
NES Nonemployer StatisticsBDS Business Dynamics StatisticsSBO Survey of Business OwnersSUSB Statistics of US Businesses
US CENSUS BUREAUBED Business Employment Dynamics,
Bureau of Labor StatisticsITA International Trade Administration,
US Department of Commerce
66 %66 %NET NEW JOBS
NET NEW JOBS
SUSB, NES [2015], ITA [2015]
99.9% 99.7% 32.9% 47.5% 40.8%97.6%
A small business is an independent business with fewer than 500 employees.
20% Paid employees
SUSB, NES[2015]
80% No employees
For even more information visit www.sba.gov/advocacy