Friday, August 8, 2008

Small businesses in America

In the course of doing some research for a project, I came across some really interesting statistics.

All to often, we hear about how small businesses are dying in America. There is no doubt that small businesses are facing a particularly difficult time. Between big box stores & malls, rising fuel costs, increasing inflation and plummeting consumer confidence, small businesses are in difficult shape. Some people even ask why they are worth saving.

That answer is easy. According to statistics provided by the United States Census Bureau, there are over four million small businesses (firms that employee under 19 employees) in the United States. These firms provided over twenty million jobs and have an estimated payroll of nearly two trillion dollars annually.

Small businesses are VITAL to the continued development of the American economy, and our political and community leaders must do everything they can do ensure that small businesses can continue to thrive in these changing times.

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