How Many Small Businesses in the US?

You’ve probably heard the saying that “small business is the backbone of America.” But what is the meaning of that saying? How many small businesses in US and how many people do they employ?

Even if you own a small business, it can be difficult to understand how important businesses are and how much they contribute to the economy – especially since the press focuses more on the nation’s biggest companies.

Editorial note: Howwikis are in place to help you make better business decisions. That is why we ensure that our editorial integrity is not affected by our own business. Opinions, analyzes, reviews or recommendations in this article alone belong to our editorial team.

Small Businesses in the US

Important statistics to know how many small businesses in the US

From the workforce to the creation of jobs, we have ridiculed and extracted data to help you gain a more holistic understanding of small businesses in the US.

How many small business in the America?

There are 30.2 million businesses in USA, comprising 99.9% of all United States businesses.

As a note, we drew this figure from the SBI Office of Advocacy, which defines a small business as a firm with less than 500 employees. These standards cover many startups (including highly valued startups), law firms, hedge funds, and other firms that you might not even think someone uses the term “small business”.

How Many People Do Small Business in USA?

Small businesses employ 58.9 million people, which is 47.5% of the country’s total workforce.

How many small business are created per year in USA?

In the one-year measurement, 240,000 businesses were created in the third quarter of 2016.

Small Businesses in the USA

We hope now you know the How Many Small Business in the USA right now and how they can affect economy of United States.

Related Blog: How to Apply for a Small Business Loan?

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