National Small Business Statistics

As of the end of 2000, there were 12.3 million small businesses in the United States that employed over 52% of private-sector workers. Of these small businesses, 53% were home-based businesses and 3% were franchises. Small business is a cornerstone of the American economy.

Did you know that…

• The survival rate for a new business that is one-year old is 66% and 74% for a two-year old business.

• Small businesses owned by women outnumber those owned by men and that they employ more people than the combined number of employees for all Fortune 500 companies.

•73% of small business owners applying for credit were approved on their initial request for financing.

• Small businesses represent 96% of all exporters of goods.

• Small businesses represents 99% of all employers.

The Small Business Development Center seeks to enhance the economic well-being of Georgians by utilizing the knowledge base of colleges and universities in Georgia. They provide a wide-range of educational opportunities to small business owners, potential entrepreneurs and community leadership organizations that support business ventures. Opportunities include business consulting, business training classes and applied research studies.

In Gainesville, the University of Georgia Small Business Development Center is located at 604 Washington Street, Suite B-2, 770-531-5681.

Sources: U.S. Small Business Administration webside, and the U.S. Department of Labor.

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