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Small Business, Big Impact: Celebrating Our Country and Small Businesses

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Small Business, Big Impact: Celebrating Our Country and Small Businesses

By kmurray, Contributor and Moderator
Published: June 25, 2014 Updated: June 25, 2014

Independence Day is right around the corner, and across the U.S. we’re preparing for our favorite 4th of July festivities – a day off filed with backyard barbecues, pool parties, fireworks and fun.

While we celebrate our country and the challenges we’ve overcome to achieve what we stand for today, there’s no doubt that this profile of greatness includes our small business owners and entrepreneurs. Facing difficulties from every angle with passion and perseverance, these businesses may be small, but they have a big influence on our country.

By the numbers

According to SBA’s Office of Advocacy, small businesses make up a whopping 99.7 percent of U.S. employer firms, and have accounted for 63 percent of the net new jobs created between 1993 and mid-2013! Since the end of the recession (from mid-2009 to mid-2013), small firms accounted for 60 percent of the net new jobs.

In fact, over half of America’s workers either own or work for small businesses, which create two out of every three new jobs across the country. This strengthens not only local communities and economies, but bolsters the foundation of the economy nationwide.

A sense of trust

In this article from Small Business Trends, Scott Shane cites findings from a 2010 Pew Foundation survey that demonstrates how highly we regard our small business owners. Seventy-one percent of Americans see small business “as a positive influence on the way things are going in this country.” In the United States, small businesses are viewed more favorably than most institutions.”

Additionally, 86 percent of American respondents indicate that they trust small businesses “a great deal” – nearly thirty percent more than they indicated trusting big businesses. Clearly, small businesses and their owners are held in high esteem.

 

From the quantitative to the qualitative, it’s easy to see the positive impact of small businesses. And at SBA, we support and celebrate those entrepreneurs. For instance, our annual National Small Business Week events recognize the contributions of small businesses. And all year round, our staff, partners and resources are available to make sure you have what you need to succeed in your business ventures.

So this Independence Day, we’ll be counting your entrepreneurial spirit and hard work as we celebrate what makes this country great.

About the Author:

Katie Murray

Contributor and Moderator

I am an author and moderator for the the SBA.gov Community. I'll share useful information for your entrepreneurial endeavors and help point you in the right direction to find other resources for your small business needs. Thanks for joining our online community here at SBA.gov!

Comments:

As a Small Business owner, I agree with the writer that how important is the role of Small Business' to reduce the unemployment by creating a new jobs and make society a happier place.
well written, small business are having bright future in U.S , Small business sevices like property care, housekeeping services are also good business.
Small Businesses are the future of US, not only from business generation perspective but from job generation perspective too.
Always enjoy reading these articles. As a small business owner any and all information is appreciated
Kmurray, well written. being a small business provider i am really happy that you guys are doing well for the small business communities.
Thanks for giving support to small business owners and i got some new ideas.
Access to capital has become more challenging than ever before. Due to the hysterical reaction of Congress responding to the sub-prime mortgage melt-down we now have regulation written by retiring congress persons. Former Senators Dodd and Frank wrote this junk which causes a titanic amount of paperwork and costs. So what? Well, the result is that the banks do not feel it is profitable to lend to small businesses and the latest small business lending surveys reflects this.
Working with small businesses feel comfortable and enjoy work more but salary lower.
I think working with small businesses feel comfortable and enjoy work more. How small businesses with employees themselves they feel close to their boss. Can be boss to launch the product concerned from the value they bring to the business. And thanks to this small business bosses are often very interested in employees with good mode.
This is a fantastic article and gives me some great pointers about how small businesses impact our country.

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