Small businesses are key to the U.S. Economy, they make up 99.9% of businesses, employ nearly half the workforce, and are the majority of the US’ GDP.

Small businesses fuel the economy.  99.9% of businesses in the U.S. are small businesses 33.2M Small businesses in the U.S. Since the late 1990’s, small businesses have  between 43.5% and 50.7% of the United States’ gross domestic output (GDP), which equates to trillions of dollars of economic activity. In 2014, the most recent data available, small businesses generated nearly $5.9 trillion. By comparison, large businesses generated $7.7 trillion to the national GDP that same year.     Small businesses are big employers.  45.9% of Americans are employed by a small business 61.6M Americans are employed by a small business The majority of small businesses () operate without employees, and those small employers who hire staff employ nearly half of the American workforce. Leading industries for small businesses include professional and business services, financial activities, and wholesale and retail trade, boasting 3.5 to over 7 million businesses within each sector.