BUSINESS BY THE NUMBERS
important are small businesses to the U.S. economy?
99.7 percent of all employers.
half of all private sector employees.
44.3 percent of total U.S. private payroll.
firms generate 60 to 80 percent of net new jobs annually.
small business share of non-farm private gross domestic product (GDP) is more
than 50 percent.
FY 2001, small businesses supplied goods and services valued at 22.8 percent
of the total value of federal prime contracts (about $50 billion).
patenting firms produce 13 to 14 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.
2001, 39 percent of high tech jobs (such as scientists, engineers, and
computer occupations excluding teachers) were in firms with fewer than 500
businesses are 53 percent home-based and 3 percent franchise.
2001, small businesses made up about 97 percent of all identified exporters
and produced about 29 percent of the known export value
U.S. Bureau of the
Census; Advocacy-funded research by Joel Popkin and Company (Research Summary
#211); Federal Procurement Data System; Advocacy-funded research by CHI
Research, Inc. (Research Summary #225); Bureau of Labor Statistics, Current
Population Survey; International Trade Administration.