The cities most dependent on small businesses
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The cities most dependent on small businesses
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The cities most dependent on small businesses
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Grand Rapids Business Journal
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A new report found over half of Grand Rapids workers are employed by small businesses, the ninth-highest percentage among large metros.
Construction Coverage used data from the U.S. Census Bureau to create the ranking, “Cities Most Dependent on Small Businesses,” and 50.36% of Grand Rapids workers are employed by a small business.
“Collectively, small enterprises employ around 60 million Americans, which represents nearly half of the private workforce in the U.S.,” wrote Jonathan Jones in the report. “Compared to larger firms, small businesses tend to be (nimbler), which promotes competition and innovation in the economy. … But with fewer financial resources than larger firms, small businesses are especially vulnerable during economic downturns.”