Small Business Facts

Advocacy has released its newest infographics spotlighting Asian American and Native Hawaiian and Pacific Islander-owned businesses. Asian-Americans own more than 2.9 million businesses, while Native Hawaiian and Pacific Islanders own…

Immigrant employer ownership increased from 15.08 percent in 2012 to 19.03 percent in 2020. At the same time, the share of foreign-born workers increased from 7.29 percent to 8.6 percent. For most business owner demographic categories, the…

Advocacy has released its newest infographic spotlighting women-owned businesses. Women business owners own over 12 million businesses and employ over 10.1 million workers. Advocacy’s infographic uses the most recent Census Bureau data to…

The Office of Advocacy’s handy infographic, What’s New with Small Business, is a valuable source for the most requested statistics on small businesses. The infographic is a complement to our Frequently Asked Questions About Small…

Advocacy has released its newest infographic spotlighting Black-owned businesses. Black business owners own over three million businesses and employ almost 1.2 million people. The infographic uses the most recent Census Bureau data to show…

The Office of Advocacy’s winter economic bulletin examines the continued recovery from the COVID-19 recession. Small business variables like self-employment, income, loan delinquencies, and loan balances have trends that represent…

Advocacy has released its newest infographic spotlighting veteran-owned businesses. Veterans own almost two million businesses and employ over five million Americans. The infographic uses the most recent Census Bureau data to show the…

While there are multiple reasons to own a small business, most firm owners cite wanting to be their own boss and making more money as important reasons for owning their own business. Self-employment is mostly driven by opportunity, with…

Immigrant owners consist of roughly 18 percent of business owners with employees and almost 23 percent of business owners without employees. Immigrant-owned businesses are found in every sector of the U.S. economy. Immigrants made up 36.8%…

In 2019, small businesses with 10–499 employees performed $70.6 billion worth of R&D work and employed over 500,000 R&D workers. Among businesses engaged in R&D, small businesses spend a much higher percentage of their sales on…