The State of Small Business

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Each year U.S. Small Business Administration’s Office of Advocacy  issues a report to the President detailing the state of small business in the United States.  The latest 2009 report, The Small Business Economy: A Report of the President, includes an Executive Summary (approximately 90 pages of text surveying current research on small business) and small business data (25 pages of recent data).  The data includes, but is not limited to, data on opening and closing establishments by number and rate (1992-2008); characteristics of self-employed individuals, (2000-2007); a break-down of small business ownership by gender, ethnic group, age and education level; and business turnover by state and selected territories (2007-2008), including business bankruptcies by state.  The report ends with a bibliography of current research (2008) published by the SBA’s Office of Economic Research which includes a report on The Impact of Regulatory Costs on Small Firms,  a much debated topic in today’s business environment.  The Office of Economic Research page includes a Research & Statistics Section which posts Small Business Economic Indicators, continuously updated data on small business activity by state.  To get an overview of how the small business economy is performing in each state, see the Small Business Profiles for the States and Territories.

The U.S. Small Business Administration site is an essential source for any researcher interested in the state of small business in the United States.  The site’s strength is its repository of research and data.  For information on current topics of interest to the small business community, see the Issues & Elections  tab of the  National Federation of Independent Business Owners (NFIB), “The Voice of Small Business”, or the Issues tab of the U.S. Chamber of Commerce site.

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