ANSWERS: 1
  • According to the SBA office of advocacy: Small firms: • Represent 99.7 percent of all employer firms. • Employ about half of all private sector employees. • Pay nearly 45 percent of total U.S. private payroll. • Have generated 60 to 80 percent of net new jobs annually over the last decade. • Create more than half of nonfarm private gross domestic product (GDP). • Hire 40 percent of high tech workers (such as scientists, engineers, and computer workers). • Are 52 percent home-based and 2 percent franchises. • Made up 97.3 percent of all identified exporters and produced 28.9 percent of the known export value in FY 2006. • Produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large http://www.sba.gov/advo/stats/sbfaq.pdf

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