What’s New with Small Business 2021
The Office of Advocacy’s handy infographic, What’s New With Small Business, is a great source for several of the most commonly answered questions about small business.
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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 employers in 2018. These businesses employed 7,970,121 workers, generated $1.3 trillion in annual sales receipt, and paid $280…
2021 Small Business Profiles For The States, The District of Columbia, and The U.S.
Advocacy’s annual State Profiles provide a snapshot of each state’s small businesses. The profiles gather the latest federal economic data into state-by-state snapshots of small business health and economic activity.
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Small Business Facts: The Importance of Business Ownership to Wealth
On average, the self-employed are wealthier than the non-self employed and are significantly wealthier than workers and retirees. According to 2019 data from the Federal Reserve, business ownership is an important source of family …
Small Business Facts – Supply Squeeze: Small Business Commodity Challenges
As the COVID-19 pandemic evolves, small businesses are struggling to obtain the goods they need to operate, impacting their recovery. 37.2% of small businesses reported having domestic supplier delays in the second week of June 2021 and…
Facts About Small Businesses: Women-Owned Businesses
There were roughly 12 million women-owned businesses in 2017, with $388.1 billion in payroll and 10.1 million employees. However, women remain underrepresented in small business ownership. For more information on women small business…
New Funding Opportunity Available for Economic Research on Small Businesses
The Office of Advocacy is pleased to announce a new funding opportunity for economic research related to the economic impacts of the pandemic. The solicitation is available on SAM.gov here. Proposal submissions are open until Thursday,…
Millennial Veteran Entrepreneurship: Research on the Next Generation of Veteran Entrepreneurs
Historically, veterans have been more entrepreneurial than non-veterans. However, millennial veterans participate in entrepreneurship at a lower rate than millennial non-veterans. Important demographic differences exist between …
Spring Economic Bulletin
The Office of Advocacy’s bi-annual Economic Bulletin examines new data on how small businesses have fared during the COVID-19 pandemic. The pandemic caused an economic shock, which led to business closures and job losses. However, there…
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. According to the Census Bureau’s data series, Innovation Measurement Initiative, the bulk of STEM-related researchers …