This week, May 12 through May 16 marks National Small Business Week, 2014. According to the Small Business Administration (SBA), more than half of Americans either own or work for a small business. These businesses create roughly two out of three new jobs in the U.S. every year.
Some interesting facts about Small business in the USA:
- The 23 million small businesses in America account for 54% of all U.S. sales.
- Small businesses provide 55% of all jobs and 66% of all net new jobs since the 1970s.
- The 600,000 plus franchised small businesses in the U.S. account for 40% of all retail sales and provide jobs for some 8 million people.
- The small business sector in America occupies 30-50% of all commercial space, an estimated 20-34 billion square feet.
A number of events are scheduled throughout the United States this week. To check the schedule go to http://www.sba.gov/nsbw/events-schedule
The SBA originated in 1953 and it’s mission is to help Americans start, build and grow businesses. This is done by offering aid, counsel, assistance and protection of the interests of small business concerns. For more information about SBA visit: http://www.sba.gov/