9/5/2009 1:13:41 PM
The Office of Advocacy at the U.S. Small Business Administration puts out a nice publication which tries to answer some of their most frequently asked questions
. This document was just updated so you can find interesting things such as:
- small businesses accounting for half of nonfarm, private real GDP,
- firms with fewer than 500 employees accounted for 64 percent (or 14.5 million) of the 22.5 million net new jobs (gains minus losses) between 1993 and the third quarter of 2008,
- an estimated 627,200 new employer firms began operation in 2008, and
- seven out of ten new employer firms last at least two years, and about half survive five years.