Competitiveness Of US Small Business

Presented by HOW IMPORTANT IS FEE FIGHTERS SMALL BUSINESS IN THE U.S.? Save 40% on your Credit Card Processing in 3 minutes. Small businesses with less than 100 employees represent 99% of all employers. Here we take a look at how significant small businesses are on a state-by-state basis. ANNUAL PAYROLL: IN BILLIONS OF USD'S $8.6 $3.8 37.7 434 In most states, small businesses account for roughly 30% of the $6.6 ($45.1 38.7 28.7 economic activity. States with smaller populations tend to have small businesses make up a larger percentage of total payroll. $6.1 36.2 $35.7 31.8 $19.9 $7.1 $120.6 $5.1 47.6% $24.7 30.3 $3.4 28.1% 37.5 $29.2 27.3 $28.2 $61.8 29.7% $57.0 35.4% $3.9 38.1% 46.56 40.6% $3.6 43.8% $8.3 30.4' 30.4 $13.2 30.5 618 $51.7 31.0 $4.8 $322 26.0% $12.7 $12.4 $205,5 28.5 32.0 31.4 $26.1 $7.7 28.8 35.3 $28.2 32.1% 71.7 26.6 28.659 $26.8 29.3 29.339.9 $13.4 31.8 | $14.8 33.2 $15.5 $38.9 262 $174 $40,9 323 $9.8 29.4 $9.1 $18.4 20.032.5 31.5 28.7 $103.1 27.7 SMALL Billions of USD's BUSINESS TOTALS Percentage by state ANNUAL PAYROLL: TRILLIONS OF USD'S AND WHAT ABOUT TOTAL REVENUE? $29.7 $1.5 $7.8 $3.5 SMALL BUSINESS: 30% OF U.S. PAYROLL SMALL BUSINESSES: 21% OF REVENUE Even though small businesses represent more than 99% of all employers, they account for less than half of the total payroll. On average, small businesses pay lower salaries. The 6 million small businesses generate $7.8 trillion of the total $37.8 trillion in yearly revenue. The average small business has $1.3 million in annual revenue. SMALL BUSINESS PAYROLL: $1.5 TRILLION TOTAL ANNUAL PAYROLL: $5 TRILLION 30.2 % SMALL BUSINESS REVENUE: $7.8 TRILLION TOTAL ANNUAL REVENUE: '29.7 TRILLION 26.1 % SMALL BUSINESS EMPLOYMENT: 42.7 MILLION TOTAL EMPLOYMENT: 120.6 MILLION 35.4 % SMALL BUSINESS ESTABLISHMENTS: 6.2 MILLION TOTAL ESTABLISHMENTS: 7.7 MILLION 80.3 % SMALL BUSINESS FIRMS: 5.9 MILLION TOTAL FIRMS: 6.0 MILLION 98.2 % Source: Office of Advocacy, U.S. Small Business Administration, based on data provided by the U.S. Census Bureau.