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"Small businesses are generally independent properties and can exist in a variety of forms, including convenience stores, online stores, etc. They can give the neighborhood strength and create vibrant and diverse communities," said Lt.-In. American Express Shop. Small site says.
In the United States, there are 30.2 million small businesses, according to the report of the US Government's Office of Small Business Defense released in August 2018 (the US federal Office of Small Business Defense generally defines a small business with fewer than 500 employees The report uses the most recent government data available, collected in 2015 and published in 2016-17.)
Of these 30.2 million small businesses, 80% – 24.3 million – were independent contractors (no employees). That's a rising number; In 1997, there were 15.4 small businesses without employees, according to the SBA's Outreach Bureau.
Nevertheless, Main Street businesses are an important factor in the country's labor market. Small businesses employ 47.5 percent of private sector employees (59 million out of 124 million), according to the SBA Advocacy Office.
–
Emma Newburger
contributed to this report.
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