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Small Business Profiles
The U.S. Small Business Administration’s Office of Advocacy state small business profiles show detail about the makeup of each state’s small businesses and the country as a whole. Small firms are a critical part of each state’s economy, as they comprise anywhere from 92.7% to 99.2% of a state’s businesses and from 42.8% to 69.3% of each state’s employment. In Kentucky, small businesses comprise 96.7% of all businesses and 49.2% of private sector jobs.
These profiles give a snapshot of business ownership, demographics, industry breakout of firms and employment, employment turnover and lending. Standardized profiles are presented for the U.S. as a whole, the District of Columbia and each of the 50 states. Limited information is also available for four U.S. territories.
In addition to informative one-pagers on all states, including Kentucky, the raw data file is also online, which makes state-by-state comparisons possible. This year’s profiles also show changes in ownership by women and minorities.