Facts About Small Businesses

The Office of Advocacy’s bi-annual Economic Bulletin examines new data on how small businesses have recovered since the peak of the COVID-19 pandemic. Both self-employment and proprietor income have recovered…

Advocacy’s most popular publication, Frequently Asked Questions About Small Business, gathers the most up-to-date statistics about American small businesses in one place. Updated annually, the FAQ is a convenient place to find facts about…

The Office of Advocacy’s handy infographic, What’s New With Small Business, is a great source for several of the most commonly answered questions about small business. Infographic

Equally-owned businesses, which are businesses half owned by men and half owned by women, totaled 860,754 employers in 2018. These businesses employed 7,970,121 workers, generated $1.3 trillion in annual sales receipt, and paid $280…

On average, the self-employed are wealthier than the non-self employed and are significantly wealthier than workers and retirees.  According to 2019 data from the Federal Reserve,  business ownership is an important source of family …

As the COVID-19 pandemic evolves, small businesses are struggling to obtain the goods they need to operate, impacting their recovery. 37.2% of small businesses reported having domestic supplier delays in the second week of June 2021 and…

There were roughly 12 million women-owned businesses in 2017, with $388.1 billion in payroll and 10.1 million employees. However, women remain underrepresented in small business ownership. For more information on women small business…

The Office of Advocacy’s bi-annual Economic Bulletin  examines new data on how small businesses have fared during the COVID-19 pandemic. The pandemic caused an economic shock, which led to business closures and job losses. However, there…

Small businesses play a special role in innovation. In 2018, 37% of high-tech workers worked for small businesses. According to the Census Bureau’s data series, Innovation Measurement Initiative, the bulk of STEM-related researchers …

About two-thirds of business owners start their business from scratch, while less than a quarter of owners purchased the business they own. The starting method for small businesses tends to be relatively stable over time but differs based…