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News & Press: SBA News

SBA Office of Advocacy Releases Data

Tuesday, May 26, 2009   (0 Comments)
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SBA Office of Advocacy data states small firms:
 

• Represent 99.7 percent of all employer firms.

• Employ about half of all private sector employees.

• Pay nearly 45 percent of total U.S. private payroll.

• Have generated 60 to 80 percent of net new jobs annually over the last decade.

• Create more than half of nonfarm private gross domestic product (GDP).

• Hire 40 percent of high tech workers (such as scientists, engineers, and computer workers).

• Are 52 percent home-based and 2 percent franchises.

• Made up 97.3 percent of all identified exporters and produced 28.9 percent of the known export value in FY 2006.

• Produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large firm patents to be among the one percent most cited.

 


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