Despite the competitive nature of business, the pervasiveness of small businesses in the US stands as a testament to the tenacity of entrepreneurs. This week, the 56th annual National Small Business Week swings into gear to as part of a movement to recognize the contributions of small business owners to the national economy, not only by providing sustainable jobs, but also by creating new jobs.
In honor of small businesses’ contribution to our economic growth, here are 10 interesting and Tweetable facts about small businesses that may surprise you. Be sure to share the statistics and lend your support to small business owners.
Tweetable Small Business Data
“[Small businesses] are also the lifeblood of our economy… creating nearly two out of every three new American jobs.”-President Obama [Click to Tweet]
“Small businesses are responsible for creating about 50 percent of the total GDP.” –SBA.gov [Click to Tweet]
“The 23 million small businesses in American account for 54% of all U.S. sales.” –SBA.gov [Click to Tweet]
“Small businesses produce 16 times more patents per employee than large firms.” – SBA.gov [Click to Tweet]
“Small businesses with between one and four employees- created a net of 5.5 million jobs between 2004 and 2010.” – CAMEO [Click to Tweet]
“52% of all small businesses are home-based.” – Forbes [Click to Tweet]
“Small businesses provide 55% of all jobs and 66% of all net new jobs since the 1970s.” –SBA.gov [Click to Tweet]
“Small businesses represent more than 99.7% of all employers.” – SBA.gov [Click to Tweet]
“Since 1990, as big business eliminated 4 million jobs, small businesses added 8 million new jobs.” –SBA.gov [Click to Tweet]
“Approximately 543,000 new small businesses are founded in the U.S each month.” – Forbes [Click to Tweet]