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 working on funded research at universities go into the private…
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Small Business Facts
The Pulse of Small Business: An Industry Breakdown
The COVID-19 pandemic has disproportionately impacted businesses that typically require more person to person …
Small Business Facts: Pandemic Pressures City Businesses
The COVID-19 pandemic has disproportionately impacted metropolitan areas, which have seen a higher rate of small…
Small Business Facts: Restaurants and Bars Staggered By Pandemic
In May 2020, employment in leisure and hospitality was down 41 percent relative to May 2019, compared to declines…
Small Business Facts: Small Business Employment Plummets
Since a declaration of emergency for COVID-19 was issued on March 13, 2020, total private employment dropped by…
Small Business Facts: Early Data Show Severe Disruptions
Data collected in the course of administering government programs can provide timely information about changing…
Small Business Facts: Spotlight on Community Bank Lending
In the fourth quarter of 2018, there were over 1.4 million outstanding small business loans held by community…
Small Business Facts: Spotlight on Nonprofits
Nonprofits mean business! While not discussed as much as for-profit businesses, nonprofits are mostly small…
Small Business Facts: Spotlight on Minority-Owned Employer Businesses
In May 2019, the Office of Advocacy published a fact sheet titled “Small Business Facts: Spotlight on…
Small Business Facts: Spotlight on Women-Owned Employer Businesses
In March 2019, the Office of Advocacy published a fact sheet titled “Small Business Facts: Spotlight on Women-Owned…