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May 18, 2010 AT 12:00 am

How important are small businesses to the U.S. economy?

Pt 1050

Small businesses workin’ it… via UPS blog

According to the Small Business Administration (SBA), small businesses in the U.S. employ over 50 percent of the private sector and shell out 44 percent of the private sector pay. Small-business owners are the backbone of our economy (PDF here).


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2 Comments

  1. It would be nice to know what qualifies a business as “small business”. Is it one of those “between 3-3000 employees” things?

  2. Follow the links, MnM– a small business is defined as fewer than 500 employees in this case. If you keep following the links, you’ll get to the SBA size standards methodology which explains the variations on the definitions by industry and how they’ve changed over time. But fewer than 500 employees is still a good baseline.

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