How Micro and Small Businesses Dominate the Economy
Healthcare News • September 3, 2015 at 1:00 PM • Written by: Christina Merhar
Did you know 52 percent of all U.S. workers are employed by micro and small business? While large, well-known corporations are much more likely to steal headlines, micro and small businesses in America are a driving force of the economy.
Why? How? Here are some interesting statistics on how small business dominates the economy, according to a new infographic by CBS Small Business Pulse:
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99 percent of independent enterprises employ fewer than 500 people
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52 percent of all U.S. workers are employed by small business
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Small business employs 39 percent of all workers in the tech industry
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The average annual revenue of a small business is $3.6 million
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19.6 million people work for companies with fewer than 20 workers
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18.4 million people work for companies with 20-99 workers
