Interesting Small Business Facts and Data From the SBA

The SBA released a reference guide to small business activity that includes state level detail.  A lot of good information including:

• Between 2000 and 2005 the number of nonemployer business (personal businesses) grew at a rate almost 4 times faster than the overall growth growth rate for businesses.  As of 2005 there were over 20 million nonemployer businesses.
• The number of small employer business (less than 500 employees) grew at a rate roughly 3 times faster than large companies.  In 2005 there were roughly 6 million small employer businesses.
• Small businesses created almost 80% of the US economy's net new jobs from 2004 to 2005.

These numbers clearly illustrate the growing role the small business sector is playing in the US economy.

I saw this on SBA Chief Economist Chad Moutray's blog.