Small businesses are anything but small when it comes to helping the economy. Many people believe that large corporations are what drives the U.S. economy but that is far from truth and small businesses are what keeps the economy going. As a matter of fact, between 1992 and 2013, 41.8% of employment change came from small businesses and in the third quarter of 2013, 30% of net job growth came from firms with 1-49 employees.
Over the course of the past two decades, small businesses have added 8 million new jobs to the economy, while big businesses have been responsible for the elimination of 4 million jobs. There’s no denying that small businesses are entrepreneurs are key to the US economy. This infographic takes a look as to how small businesses actually drive the US economy.
Via Surepayroll