Small Business, Big Impact: Celebrating Our Country and Small Businesses
by kmurray, Community Moderator
- Created: June 25, 2014, 7:54 am
- Updated: June 25, 2014, 7:56 am
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.
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