11 Sep '12, 11am

SMALL BUSINESS FACTS

There are almost 21.5 million (90%) small businesses in the United States Small businesses are responsible for 39 percent of GNP. Small businesses are responsible for 52 percent of the all U.S. sales and contribute about 21 percent of all manufactured U.S. exports. Small businesses contribute 44 percent of all sales in the country. Small businesses employ 54.4 million people, about 57.3 percent of the private workforce. Between December 1992 and December 1993, small-business-dominated industries (those in which at least 60 percent of the work force is employed in firms with fewer than 500 employees) increased employment by 13 million workers (3.2 percent). During 1990, employment in small businesses grew by 1.1 percent, while employment in large businesses fell by 0.6 percent. From 1982 to 1987, the number of women-owned businesses increased by nearly 58 percent, from 2.6 ...

Full article: http://www.ntia.doc.gov/legacy/opadhome/mtdpweb/sbfacts.htm

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