SBA Office of Advocacy's Latest Report: Innovation in Small Business
Tuesday, March 17, 2009
Posted by: Oriana Camacho
The SBA Office of Advocacy has funded several studies examining patent creation among small businesses. All show that small businesses outperform their larger counterparts in producing more patents per employees. Our latest study, Innovation in Small Business: Drivers of Change and Value focuses on the effects of drivers of innovation (employee headcount, sales, and research and development expenditures) on the market value of small firms.
In addition, Advocacy has produced a fact sheet outlining the entire series of studies examining how small business innovation contributes to the nation’s economic development and growth. You may find the fact sheet here: http://www.sba.gov/advo/research/factsinnovation09.pdf.
Congress established the Office of Advocacy within the U.S. Small Business Administration to inform policymakers about the importance of small business and represent small business within the Federal government. Advocacy’s mission is to be an independent voice for America’s small businesses and to encourage policies that support their creation, development and growth.