45 facts about small businesses in America
You can't go through an election season without hearing the phrase "small businesses are the backbone of America" repeated over and over again. But while the adage may feel tired, it is far from untrue. Small businesses account for a whopping 99.9% of companies in the U.S., according to the U.S. Small Business Administration (SBA). The number can be partly attributed to the administration's broad definition of a small business as any firm with fewer than 500 employees, but it also reflects how embedded entrepreneurship is in American culture. We watch in awe as once...