SMALL BUSINESSES COMPRISE:ALL FIRMS

with paidemployees

ALL FIRMS

EXPORTING FIRMS

KNOWN EXPORT VALUE

PRIVATE SECTOR

EMPLOYEES

PRIVATESECTORPAYROLL

August, 2018

WHAT IS A SMALL BUSINESS?

BED, [2000-2017]

Smallbusinessesaccountedfor 66%of netnew jobs.

NUMBER OF FIRMS

SBO[2012]

15M

20M 19.2M

8.0M

273K 1.9M 2.5M 2.6M 3.3M 2.5M

9.9M

14.8M

10M

5M

Nonminority Minority AmericanIndian and

Alaska Native

Asian Veteran EquallyMale/

WomanOwned

Black orAfrican

American

Hispanic WomanOwned

MaleOwned

BDS[2015]

414K STARTUPS*396K CLOSURES

* A startupis a firm

that is lessthan oneyear old.

30.2M SMALL BUSINESSES IN THE U.S.

NES Nonemployer StatisticsBDS Business Dynamics StatisticsSBO Survey of Business OwnersSUSB Statistics of US Businesses

US CENSUS BUREAUBED Business Employment Dynamics,

Bureau of Labor StatisticsITA International Trade Administration,

US Department of Commerce

66 %66 %NET NEW JOBS

NET NEW JOBS

SUSB, NES [2015], ITA [2015]

99.9% 99.7% 32.9% 47.5% 40.8%97.6%

A small business is an independent business with fewer than 500 employees.

20% Paid employees

SUSB, NES[2015]

80% No employees

For even more information visit www.sba.gov/advocacy