Facts About Small Businesses

In 2018, openings of establishments with employees surpassed one million for the first time. Annual openings have exceeded closings for eight consecutive years. Read “Small Business Facts: Establishment Dynamics” to learn more.

Nonprofits mean business! While not discussed as much as for-profit businesses, nonprofits are mostly small firms, they account for around 10 percent of businesses and employment, and their numbers have grown consistently.  Read more…

In May 2019, the Office of Advocacy published a fact sheet titled “Small Business Facts: Spotlight on Minority-Owned Employer Businesses,” written by Nora Esposito, Economic Research Fellow. In addition to providing general information on…

In March 2019, the Office of Advocacy published a fact sheet titled “Small Business Facts: Spotlight on Women-Owned Employer Businesses,” written by Nora Esposito, Economic Research Fellow. This fact sheet highlights contributions made by…

The Office of Advocacy’s Small Business Economic Bulletin for March 2019 shows gains in the number of employer small firms, owner’s income, and net job creation. The recovery of small business lending remains tentative, even with low loan…

In February 2019, the Office of Advocacy published a fact sheet titled “Small Business Facts: What Is the Status of Bank Credit to Small Businesses?” written by Victoria Williams, Research Economist. The fact sheet finds that small business…

In December 2018, the Office of Advocacy published a fact sheet titled “Small Business Facts: Spotlight on Veteran-Owned Employer Businesses,” written by Nora Esposito, Economic Research Fellow. The fact sheet provides general information…

September 2018 - By Daniel Wilmoth, PhD

By Daniel Wilmoth, PhD In September 2018, the Office of Advocacy published, " Small Business Facts: Finding Qualified Workers" fact sheet, which examines the problem for small businesses of finding qualified workers.

Advocacy’s most requested publication, Frequently Asked Questions About Small Business, gathers dozens of the latest statistics about America’s small business in one place. The FAQ is updated annually, and it’s a convenient place to confirm…