Google and Local Businesses, by the numbers:
Small Businesses, by the numbers:
Over a recent 15-year period, small businesses created approximately 65 percent of the net new jobs in the private sector, according to the Small Business Association's analysis of small business and jobs.
According to IDC, a subsidiary of International Data Group, small businesses are firms with less than 100 employees and midsize businesses as firms with 100 to 999 employees; small and midsize businesses (SMB) are classified as firms with less than 1,000 employees.
A study from Small Business Development Centers shows that small businesses create more than 50 percent of nonfarm, private gross domestic product (GDP) and are also employers of 39 percent of high tech workers.
According to the Small Business Administration, small businesses...
• Represent 99.7 percent of all employer firms.
• Employ just over half of all private sector employees.
• Pay 44 percent of total U.S. private payroll.
• Are 52 percent home-based and 2 percent franchises.
• Made up 97.3 percent of all identified exporters and produced 30.2 percent of the known export value in FY 2007.
• Produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large firm patents to be among the one percent most cited.