My Profile   |   Contact Us   |   Sign In   |   Register
News & Press: SBA News

Advocacy Releases Small Business Profiles for All 50 States

Monday, February 9, 2015  
Share |

For Release: February 4, 2014                                                                                                                    

SBA Number: 15-02 ADV                                                                               

 

Contact: Elle Patout

Elle.Patout@sba.gov

 

Advocacy Releases Small Business Profiles for All 50 States

The U.S. is home to 28 million small businesses

 

WASHINGTON – Today, the Office of Advocacy, an independent office within the Small Business Administration, released a report entitled Small Business Profiles for the States and Territories, an annual analysis of each state’s small businesses. These state profiles include information on the number of firms, employment, demographics and other topics using the most recently available government data.

 

            “After reviewing our profiles, readers will agree that the data is signaling a stronger U.S. economy,” said Christine Kymn, Chief Economist and Director of Economic Research.  “We are seeing improvements in the small business economy with business bankruptcies declining from 2010 to 2014 and the nation’s private-sector employment increasing by 2.3 percent from October 2013 to October 2014.”

 

Some highlights of the profile include:

  • The U.S. is home to 28.4 million small businesses. 

  • Small businesses represent 99.7 percent of all businesses with employees and employ about 56 million of the nation’s private-sector workforce.

  • Small businesses with fewer than 100 employees have the largest share of small business employment. 

  • The top three small business industries with the most jobs include health care and social assistance, accommodation and food services, and retail trade.

  • In 2013, 630,357 establishments opened, and 79.5 percent survived through 2014. 

For a detailed report by state, please check out the report here on the Office of Advocacy website. 

 

Background:  The Small Business State Profiles report on the economic status of small business from 2007 to 2014. The profiles are a reference tool for researchers, policymakers, and small entities who are interested in how small firms are performing regionally or nationally. Note that this report generally defines small businesses as firms with fewer than 500 employees.

-###-

 

The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. For more information, visit www.sba.gov/advocacy, call (202) 205-6533 or get updates on Twitter (@AdvocacySBA) or Facebook at www.facebook.com/AdvocacySBA

 

 

Elle Patout | Congressional Affairs and Public Relations Manager | SBA Office of Advocacy

409 3rd St. SW, Washington, DC 20416 | p 202/205-6941

elle.patout@sba.gov WebsiteNews | Research | RegulationBlog | FacebookTwitter |

 


more Calendar

12/6/2016
WIPP Procurement Committee Meeting

12/6/2016
2016 PG&E Boots to Business Workshop

12/8/2016
ChallengeHER Dallas/Ft.Worth Metro

12/14/2016
ChallengeHER Washington D.C.

12/14/2016
Give Me 5: GSA Special Unit - Demystifying the Price Reduction Clause

Featured Members
Janice HamiltonNational Partner of the Month: December 2016. Read about Janice's business bit.ly/2fTPwBF

Privacy Policy / Disclaimer    |    © WIPP  |    888-488-WIPP

Association Management Software Powered by YourMembership  ::  Legal