We will be recognizing the contributions of small business in our economy and society during Small Business Week, which will be April 9-15, 2006.
Here are some quick facts about small business in America from the Census Bureau:
Small Businesses With Employees
- There were 5.3 million business establishments with fewer than 10 employees in 2003. Among these businesses, 3.9 million employed fewer than 5 people.
- There smallest of our small businesses employed 15.9 million in 2003.
- In 2003 there were 796,000 businesses in the retail trade industry that employed fewer than 10 people. Another 652,000 were in professional, scientific and technical services, with 595,000 in construction and 500,000 in health care and social services.
Nonemployer Businesses
- They generated $830 billion in receipts for 2003, up from $586 billion in 1997. These nonemployers, often "mom and pop" corner stores or home-based businesses, comprised more than 70 percent of all businesses.
- There were 18.6 million nonemployer businesses in 2003.
- There were 1 million nonemployer businesses added to the nation's total between 2002 and 2003.
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