Few Quick Facts about U.S. Small Business

About 70 million income is generated by 27 million small businesses in United States.
99.7 percent of employer firms in United States is represented by small businesses.
One third of the American voting public is represented by members of the small business community.
Small businesses employ about half of all private sector employees.
They pay about 45 percent of total United States private payroll.
They also create an average of 4,000 jobs per day.
They create about 90 percent of new jobs in United States.
Small businesses hire about 40 percent of the high tech workers.
About 6 trillion dollars in revenue is generated by small businesses each year. This is equivalent to the second largest economy in the world.
About 97.3 percent of all identified exports are exported by small businesses.
13 times of patents are produced by small businesses when compared with large firms.
About 50 percent of non-farm private gross domestic product is created by the small businesses.
About 12.5 percent of small business owners are immigrants in United States.
Immigrants are 30 percent more likely to start a new business when compared with non-immigrants.
In the growth of small businesses, Hispanics are key drivers. About 2.5 million plus are current Hispanic-owned business segments. They generate more than $388 billion annually.
About 1 million are black owned small businesses in America. They account for over $100 billion in annual sales.
13.1 million people are employed by women through their small businesses. They generate 1.9 trillion in annual revenue.
As per a report by Intuit Future of Small Business, majority of teens are preferring to own their own business rather working for a large corporation.