American Dreams

Muse Staff2017 - June, Data Driven

American Dreams

Small business equals big jobs.

WHAT EXACTLY IS A SMALL BUSINESS?

The U.S. Small Business Administration has established size standards for small businesses that vary by industry, based on the number of employees and average annual receipts.

Small business = By definition, in manufacturing, fewer than 1,500 employees

Source

https://www.sba.gov/contracting/getting-started-contractor/make-sure-you-meet-sba-size-standards/summary-size-standards-industry-sector

JOB GENERATORS

Small businesses have a proud history as job creators. Positions at small businesses account for 55 percent of all U.S. jobs.

More than 600,000 franchised small businesses in the U.S. provide roughly 8 million jobs alone.

Source:

https://www.sba.gov/managing-business/running-business/energy-efficiency/sustainable-business-practices/small-business-trends

Small Businesses and Big Sales

The 28 million U.S. small businesses are responsible for 54 percent of all domestic sales.

Source:

https://www.sba.gov/managing-business/running-business/energy-efficiency/sustainable-business-practices/small-business-trends

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