July 23, 2014
By Bob Coleman
Editor, Coleman Report
Download and read at your leisure. There’s a ton of good stuff here.
This year’s profiles feature a new and expanded format. They provide information on small business employment, industry composition, small business borrowing, exporting, and survival rates, as well as business owner demographics.
Did you know?
North Dakota and South Dakota top the list of states with the highest number of new small businesses surviving from 2007 to 2012 at 56.2% and 55%.
New Jersey and North Carolina are the two states with the highest reduction in unemployment from 2012 to 2013 at 2.3% (National average is1.2%)
U.S. is home to 28 million small businesses.
Small businesses represent 99.7% of all businesses with employees and employ 55 million people.
Most small businesses are sole proprietorships. Their income increased 7.1% in the third quarter of 2013 to $1.2 trillion.