Interesting story here from Inc.com – Small Businesses Responsible for Nearly All New Jobs – that has a surprising statistic:
Businesses with fewer than 20 employees account for 90 percent of all U.S. firms and are responsible for more than 97 percent of all new jobs, according to a new report by the Small Business Administration.
This is just one statistic from a recently published annual report by the Small Business Administration Office of Advocacy based on Census data from 1988 to 2004, the most recent year available. The detailed figures quantify various indicators among small businesses, including job creation, business births and deaths, industry growth, and regional differences.
97% seems almost incredible.