SBA Number: 22-06 ADV
WASHINGTON, D.C.- The Office of Advocacy, an independent office within the U.S. Small Business Administration, has released the 2022 Small Business Profiles for the States and Territories. Built by Advocacy’s Office of Economic Research, the profiles contain snapshots of each state’s small businesses. Sections on business dynamics, small business lending, and small business exports reflect data from the beginning of the COVID-19 pandemic. The profiles also represent the first state-by-state breakdown of small business openings and closings during the pandemic.
The 2022 Small Business Profiles show the United States is home to 33.2 million small businesses employing 46.4% of the private workforce. According to the latest available data, the top three industries for small business employment are Health Care and Social Assistance; Accommodation and Food Services; and Construction.
“Advocacy’s Small Business Profiles show the importance of small businesses to each state,” said Deputy Chief Counsel Major L. Clark, III. “Each of the 33.2 million small businesses in the United States help grow their local economies and create jobs, making it all the more necessary to provide support to the challenges they face as we continue to recover from the COVID-19 pandemic.”
The profiles cover the United States, the 50 states, the District of Columbia, and the territories. The profiles use the latest releases from the primary federal sources of small business data. However, because of lags in the release of those data, some datasets analyzed predate the COVID-19 pandemic. Information about the impacts of the pandemic on small businesses is available at the Office of Advocacy pandemic webpage. To view the 2022 Small Business Profiles for the States, visit the Office of Advocacy State Profile webpage.
Created by Congress in 1976, the Office of Advocacy of the U.S. Small Business Administration is an independent voice for small business within the federal government. Appointed by the President and confirmed by the U.S. Senate, the Chief Counsel for Advocacy directs the office. The Chief Counsel advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policy makers. Economic research, policy analyses, and small business outreach help identify issues of concern. Regional Advocates and an office in Washington, DC, support the Chief Counsel’s efforts. For more information on the Office of Advocacy, visit https://advocacy.sba.gov/, or call (202) 205-6533.
Contact Information:
Emily Williams
emily.williams@sba.gov