Monday, February 15, 2016

14 Reasons We’re Sweet on Small Business

The Small Business Administration sent us a Valentine this weekend to let us know why we should all love small businesses .... we thought you'd enjoy it too ..... isn't it nice to know that someone notices all you do?

14 Reasons We’re Sweet on Small Business

By ngoriel, SBA Official

 Published: February 12, 2016

Small businesses are the heart of America’s economy. This Valentine’s Day, the SBA is sending small business owners this valentine with 14 reasons why we love small business. Small businesses in the United States:

1) Care about their communities – The 28 million small businesses in the U.S. contribute directly to local communities.
2) Provide opportunities – Small businesses make up 99.7 percent of U.S. employer firms.
3) Create jobs – Two out of every three net new jobs created in the U.S. are from small businesses.
4) Grow the global economy – 97.7 percent of exporters are small firms.
5) Represent the diversity of America – Last year, SBA achieved record lending of $23.5 billion under our flagship 7(a) loan program, with loans up 23 percent to minorities.
6) Value military experience – One out of every 10 small business owners is a veteran.
7) Contribute to sales – Small businesses account for 54 percent of all U.S. sales.
8) Employ about half of the workforce – Small businesses employ about 56.1 million of the nation’s private workforce.
9) Produce goods and services for our government– In fiscal year 2014, $91.7 billion were awarded to small business contractors, resulting in the support of approximately 550,000 total jobs.
10) Lead the way for female entrepreneurs –According to Census data from December 2015, women’s ownership rates are up 27 percent, employing 8 million workers.
11) Direct local industries – Health care and social assistance; accommodation and food services; and retail trade were the three industries with the most small business employment.
12) Drive innovation – Small patenting firms produce 16 times more patents per employee than large patenting firms.
13) Create opportunities for flexible work and lifestyles – Home-based businesses account for 52 percent of all small businesses.
14) Inspire us – Small business owners work countless hours, sacrifice their personal time, improve their communities and follow their dreams.

Winthrop Region SBDC Director Explains Our Process on WRHI Radio Interview

Click below to listen to our Winthrop Region SBDC Director, Larry Stevens as he answers general questions about the SBDC and the many services we provide. It's very informative and will show you exactly how we could help your small business. Then give us a call .... we're happy to work with you to get your small business growing!