Small businesses are the backbone of America. According the U.S. Small Business Association they:
Represent 99.7 percent of all employer firms.Employ half of all private sector employees.Pay 44 percent of total U.S. private payroll.Generated 65 percent of net new jobs over the past 17 years.Create more than half of the nonfarm private GDP.Hire 43 percent of high tech workers ( scientists, engineers, computer programmers, and others).Are 52 percent home-based and 2 percent franchises.Made up 97.5 percent of all identified exporters and produced 31 percent of export value in FY 2008.Produce 13 times more patents per employee than large patenting firms. |
