US Small Business Stats - States with Highest Numbers and Demographics
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There is a lot of buzz about small businesses. But, how are small businesses faring? Are they thriving and boosting local economies? Or, are they merely existing and fading away? This infographic is packed with statistics that illustrate a picture of the robust U.S. small business sector.
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US Small Business Stats - States with Highest Numbers and Demographics
- 1. The State of U.S. SMALL BUSINESSES States with the highest number of small businesses (2012) California Texas Florida New York Illinois Pennsylvania Georgia Ohio Michigan North Carolina 3,622,304 2,412,717 2,180,556 2,057,959 1,169,961 999,591 962,085 926,977 856,682 833,107 There are more than 28,000,000 small businesses in the U.S. How many small businesses are there? Who owns small businesses? 36% of small business owners are women. Nearly 15% of small business owners are non-white. 9.1 % of small business owners are veterans. What is the lifespan of a small business? 10 - 12% of small businesses open with employees each year. 10 - 12% of small businesses with employees close each year. RIP OPEN we're Come in Half of small businesses survive five years or more. 5 years 10 years Are small businesses hiring? More than 5.7 million small businesses have employees. U.S. small businesses employ about half of the nation's workforce. 56.1 million workers www.PatriotSoftware.com Resources: Small businesses make up U.S. Small Business Administration http://1.usa.gov/1SZvotg http://1.usa.gov/25UVDbn 99.7% of employers in the U.S. Small business employers All other employers One-third survive 10 years or more.