SBA 2002 Georgia Small Business Profile
Number of Businesses:
The number of employer businesses in 2001 increased by 1.9%
97.5% of the businesses in Georgia are small businesses (500 or less employees)
In 2001, an estimated 230,266 individuals were self-employed
Women-Owned Businesses:
25.6% of Georgia’s businesses are women-owned
Women-owned businesses generated $25.3 billion dollars in revenues
Minority-Owned Businesses:
Minority-owned businesses total 88,700 and make up 15.6% of Georgia’s businesses, of which 17.6% were employer firms
Employment:
Small businesses employed 1,471,118 or 43.7% of the state’s 3,363,797 employees (non-farm private sector)
The industry with the most small business employees is retail trade
(Definition of Small Business is less than 500 employees).
Sources: U.S. Small Business Administration and the University of Georgia Small Business Development Center
National Small Business Statistics
Small businesses…
Provide about 75% of the net new jobs added to the economy
Represent 99.7% of all employees
Employ 50.1% of the private workforce
Provide 40.9 % of private sales in the country
Accounted for 39.1 % of jobs in high-technology sectors in 2001
Accounted for 52% of private sector output in 1999
Represent 97% of all U.S. exporters