Experts often use patenting activity as a proxy for innovation. Data from the National Science Foundation show that small businesses that engage in R&D generate more patents per employee than larger businesses that engage in R&D. However, small business patenting activity fell significantly…
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Small Business Facts
Facts About Small Business: Small Business Hiring Needs
New data from the U.S. Census Bureau indicates that the tightening labor market is disproportionately impacting…
Small Business Facts: Small Business Job Creation
Despite losing 9.1 million jobs in the first two quarters of 2020, small businesses job growth rebounded swiftly…
Small Business Facts: Equally Male/Female-Owned Employer Businesses
Equally-owned businesses, which are businesses half owned by men and half owned by women, totaled 860,754 …
Small Business Facts: Science/High-Tech Workers and Small Firms
Small businesses play a special role in innovation. In 2018, 37% of high-tech workers worked for small businesses.…
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…