New York Small Businesses: Five Fast Facts

May 1, 2024

Delaney Sexton
Contributing Editor

New York Small Businesses: Five Fast Facts

New York has 2.2 million small businesses which employ 4.1 million people.
Between March 2021 and March 2022, there were 73,367 small business openings.
In 2021, banks issued $5.1 billion in loans to businesses with revenues of $1 million or less.
Total reported new lending to businesses through loans of $1 million or less was $24.6 billion.
In New York, there were 30,707 small business exporters, which exported $37.8 billion in goods in 2021.