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Office of Advocacy

Office of Advocacy

WASHINGTON, D.C. – Over a recent 15-year period, small businesses created some 65 percent of the net new jobs in the private sector, according to conservative estimates cited in a new report from the SBA Office of Advocacy. In An Analysis of Small Business and Jobs, Advocacy economist Brian Headd notes that many of the new jobs are in new business startups, but an even larger share are in expanding firms of all sizes—particularly mid-sized firms with 20-499 employees.

WASHINGTON, D.C. – Workers in small firms with fewer than 100 employees are much less likely than larger businesses to have a retirement plan available to them, according to a study released today by the Office of Advocacy. A related working paper analyzes the retirement savings behavior of business owners, and finds that retirement account ownership, contribution, and participation rates for all business owners are low; this is especially true of micro-business owners.

WASHINGTON, D.C. – Today Susan Walthall, Acting Chief Counsel for the Office of Advocacy at the Small Business Administration, testified before the U.S. Senate Committee on Small Business and Entrepreneurship about the importance and challenges of expanding internet access for small business. Walthall also testified about the Office of Advocacy’s upcoming study, due in the fall, evaluating broadband availability for small business.

WASHINGTON, D.C. – Today the Office of Advocacy released a study examining the type of credit utilized by small business. Bank Credit, Trade Credit or No Credit: Evidence from the Surveys of Small Business Finances, by Rebel A. Cole, compares firms that use credit (leveraged) with those that do not (unleveraged). The study also looks at which kind of credit leveraged firms use–bank credit (loans or lines of credit) trade credit (from suppliers) or both.

New study finds early exposure to self employment raises the chance of self employment in later career

Advocacy plays role in highlighting small business concerns

WASHINGTON, D.C. –Today the Office of Advocacy applauded the Environmental Protection Agency’s (EPA) decision to reexamine its final rule for stormwater discharges for construction sites. The Office of Advocacy had estimated that the regulation had the potential of costing business $10 billion annually, with minimal environmental improvement and would adversely affect housing affordability for millions of Americans. Small firms make up 97.7 percent of the construction and development industry.

“I am surprised and disappointed by Senator Snowe’s portrayal of the Office of Advocacy’s actions regarding the expanded IRS Form 1099 reporting issue. The Office of Advocacy has been actively involved with the small business community and the Internal Revenue Service on this issue. We hosted a roundtable for small businesses and their representatives to hear their thoughts and concerns regarding the 1099 requirement. Senator Snowe’s staff was invited to participate.

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The Small Business Advocate is a monthly or bi-monthly newsletter that details economic developments and regulatory trends related to small business as well as the latest initiatives of the Small Business Administration's Office of Advocacy.

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Interest in understanding small businesses’ role in the labor market has been heightened in the current economic climate because of small businesses’ prodigious job generating ability. This report is a primer for understanding some basic facts and trends in small business employment, as well as an introduction to the data available to form opinions and develop hypotheses. Read the full research study: An Analysis of Small Business and Jobs.

Economic developers in regions across the United States often want to support entrepreneurial activity, but find it difficult both to develop suitable prescriptions and to put them into practice. Analysis of case studies has identified a promising pattern of economic clusters (agglomerations). Creating or supporting economic clusters is a possible means of supporting entrepreneurship. Here is the complete report on New Business Clustering in U.S. Counties, 1990-2006

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