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Megan Cerullo ’24, February 28, New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting, “Small business owners report growing optimism about the U.S. economy,” CBS NEWS, accessed July 18, 2024, https://www.cbsnews.com/news/small-business-owners-optimism-about-economy-is-high/
The economic fortunes of small businesses are critical to the U.S., with nearly 62 million Americans employed by such firms, or roughly 46% of workers, according to the Small Business Administration. Overall, the U.S. has more than 33 million small businesses, and they account for the lion's share of job-creation. Between 1995 and 2021, small businesses generated 17.3 million new jobs, or nearly 63% of positions created over that time, SBA data shows.