Who REALLY Drives the Economy

Here are some interesting facts from the Small Business Administration Office of Advocacy:  (Small business is defined as an independent business having fewer than 500 employees.)

Small firms:

Represent 99.7% of all employer firms.

Pay more than 45% of the total U.S. private payroll.

Create more than 50% of nonfarm private gross domestic product (GDP).

Produce 13 to 14 times more patents per employee than large patenting firms.

Made up 97 percent of all identified exporters and produced 28.6% of the known export value in fiscal year 2004.

So called "small business" is really big business.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: