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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:

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.
Thanks for each of the statistics and facts -- it's excellent to determine some good light shed on this. What shocked me was the half of American workers personal or work to get a modest small business!
Good statistics of small business in US. Small businesses help stimulate economic growth by providing employment opportunities. Independence Day is great day to celebrate success of small business. It is also great success of small business owners and entrepreneurs. Thanks for sharing valuable information.
Well this Independence day should be celebrated in a big banner, since the growth of small business has changed the overall scenario of US . As support provided by Govt. authorities like SBA to uplift the condition of young entrepreneurs have really worked well.
Good post here! Many people forget about us small business owners, but yet we make up a large portion of the industry. Thanks for all the statistics and information -- it's great to see some positive light shed on this. What shocked me was the half of American workers own or work for a small business! If that's not telling, then I dont know what is. Cheers!
develop a new small business

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