Pennsylvania Small Businesses: Five Fast Facts
May 13, 2024
Delaney Sexton
Contributing Editor
Pennsylvania Small Businesses: Five Fast Facts
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- There are 1.1 million businesses in Pennsylvania that employ 2.6 million people.
- Small businesses contributed a net increase of 184,922 new jobs between March 2021 and March 2022.
- In 2021, banks issued $4.1 billion in loans to businesses with revenues of $1 million or less.
- New lending to businesses through loans of $1 million or less was $13.7 billion in 2021.
- Pennsylvania small businesses exported $12.6 billion in goods during 2021.
Source:
SBA Office of Advocacy 2023 Pennsylvania Small Business Profile