Small Business Statistics and Facts

According to the Department of Commerce, the following are different small business statistics that have been gathered throughout recent years.

• Small businesses are responsible for 39% of GNP.


• Approximately 52% of all sales in the United States are from small businesses.


• Statistics and studies show that small businesses innovate more than larger companies.


• Over 54 million people are employed by a small company.


• A recent one year study showed that larger company employement dropped by 0.6% while employment in small businesses increased by 1.1%.


• Small businesses have increased overall employment by 13 million workers in just a recent one year timespan.


• Currently, there are over 20 million small businesses in the US.

Read more information about development, laws, and small business statistics at: http://www.commerce.gov/

• Do you need assistance regarding business and corporate laws? If so, contact an experienced Business Lawyer in your area today!