Small businesses have the power to transform America. Every day, from street corner to street corner across the United States, small business owners apply their extraordinary potential to spark competition, drive innovation, build communities, and better the quality of life for citizens.
The purpose of The State of Small Business in America, a new report by Babson College is to advance knowledge and ideas for fostering a vibrant entrepreneurial ecosystem that best supports ongoing small business growth and job creation in America.
REPORT: THE STATE OF SMALL BUSINESS IN AMERICA
In the U.S., existing small businesses comprise 99% of all employer firms, employ nearly half of the workforce, and account for more than 60% of the private sector’s net new jobs.
The purpose of The State of Small Business in America, a new report by Babson College, is to advance knowledge and ideas for fostering a vibrant entrepreneurial ecosystem that best supports ongoing small business growth and job creation in America. Small businesses that are explicitly intent on growing offer a critical perspective on the relationship between the U.S. business landscape and business growth. This report summarizes insights collected through a survey administered to over 1,800 small business owners across the country, and examines challenges and opportunities facing established small businesses around four main themes: 1) access to capital, 2) the regulatory environment, 3) workforce, and 4) technology.
IN THE NEWS
PRESS RELEASE: THE STATE OF SMALL BUSINESS IN AMERICA
A new report from Babson College finds US small businesses face challenges and opportunities around access to capital, the regulatory environment, workforce development and technology.
READ THE PRESS RELEASE ON BABSON.EDU
OP-ED: "TO GROW THE ECONOMY, GROW SMALL BUSINESSES: BLOOMBERG & BUFFETT"
The economy has experienced 75 straight months – more than six years – of private sector job growth. Yet 10 states still have not recovered all the jobs lost during the recession, population growth outpaces job growth nationally, and under-employment exceeds pre-recession levels. How can we increase the speed of job creation?
READ OP-ED ON USATODAY.COM