In May 2020, employment in leisure and hospitality was down 41 percent relative to May 2019, compared to declines ranging from 2 to 18 percent in other areas. The largest category of businesses within leisure and hospitality is food services and drinking places. Small businesses accounted for…
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Small Business Facts
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…
Small Business Facts: What Is the Status of Bank Credit to Small Businesses?
In February 2019, the Office of Advocacy published a fact sheet titled “Small Business Facts: What Is the Status of…
Small Business Facts: Spotlight on Veteran-Owned Employer Businesses
In December 2018, the Office of Advocacy published a fact sheet titled “Small Business Facts: Spotlight on…
Small Business Facts: Business Dynamics
September 2018 - By Daniel Wilmoth, PhD