Ten
Reasons To Love Vermont Small Business
10. Small businesses make up 96.8 percent of all Vermont employers.
9. Small businesses create more than 50 percent of the American nonfarm
private gross domestic product (GDP).
8. Small patenting firms produce 13 to 14 times more patents per employee
than large patenting firms.
7. The 74,957 small businesses in Vermont are located in every community and neighborhood.
6. Small businesses employ 62.8 percent of Vermont's non-farm private sector workers.
5. Home-based businesses account for 53 percent of all small
businesses.
4. Small businesses are 97 percent of America's exporters and produce 26 percent of all
export value.
3. Vermont saw an estimated 2,322 new small firms
with employees start-up in the last year measured.
2. There are approximately 1,400 minority-owned businesses and 19,002
women-owned businesses in Vermont,
and almost all of them are small businesses.
1. The latest figures show that small business creates 65 percent or
more of America's net new jobs.
The Office of
Advocacy, the "small business watchdog" of the government, examines
the role and status of small business in the economy and independently
represents the views of small business to federal agencies, Congress, and the
President. It is the source for small business statistics presented in
user-friendly formats and it funds research into small business issues.
For more information, visit the Office
of Advocacy website at www.sba.gov/advo.
###
The
Office of Advocacy of the U.S. Small Business
Administration (SBA) is an independent voice for small business within the
federal government. The presidentially appointed Chief Counsel for Advocacy
advances the views, concerns, and interests of small business before Congress,
the White House, federal agencies, federal courts, and state policy makers.
For more information, visit www.sba.gov/advo,
or call (202) 205-6533.