This question is about small business statistics.

Are small businesses important to the US economy?

By Zippia Team - Feb. 14, 2022

Yes, small businesses are extremely important to the US economy. An estimated 45% of US GDP is tied to small businesses and nearly 60 million Americans are employed by small businesses.

With nearly half of American workers dependent on small businesses for an income, and the entire country depending on them for essential goods and services, it's evident that small businesses are very important for the US economy.

Are small businesses important to the US economy?

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