AMERICANS APPRECIATE QUALITY GOODS AND SERVICES. That’s why they trust the experts at their local small businesses.

The impact these dedicated companies have on our national economy are stunning.

From creating jobs to donating sizable contributions to the communities who support them, their importance is crucial for the growth of a region.

Check out these statistics regarding small business in the United States, per the Small Business Administration.

3.8 million

Microbusiness employers (firms with one to nine employees) are the most common type of firm in the country. In 2016, there were 3.8 million in operation, employing 74.8 percent of private-sector employers.

50%

Over 50 percent of small-firm employment is in firms that are over 15 years old.

2.5 million

Veterans consist of 2.5 million small business owners.

404,000

A startup firm is considered one that is less than a year old.

There were about 404,000 startups in operation in 2014.

96%

Social media marketing is used by 96 percent of small business as an important strategy.

29 million

There are over 29 million small businesses in the United States, and over 22 million citizens are self-employed.

50 – 80

Half of small business owners are between the ages of 50 and 88.

52%

As of 2014, 52 percent of United States businesses were home-based.

500

To be deemed a small business, a company must have fewer than 500 employees.

55%

Small businesses provide 55 percent of all jobs and have provided 66 percent of all net-new jobs since the 1970s.