Of the 29 million U.S. business establishments, 95.9% have fewer than 500 employees; 4.1% have 500 or more. The large businesses employ 50.6% of the workers; the small businesses employ 49.4%. Job growth, however, is not equal.
The percentage of small businesses with 10 or fewer employees is 93.8%. In fact, 76.9% have no employees. Only 3.8% of small business establishments have 20 to 499 employees. But those businesses make up 64.0% of all small business employment.
Here is the documentation that supports the bolded statistics above. The latest data we have is from the “Employment Size of Employer and Nonemployer Firms, 2008“:
Small businesses are essential to economic growth and employment. Disparaging their entrepreneurial growth as trickle-down economics misses the shower of prosperity!
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