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The State of Small Business in America 2016

“Helping existing small businesses scale offers enormous, and largely untapped, potential in creating new jobs and generating economic development in the United States—this according to a new report, The State of Small Business in America (pdf) issued by Babson College. “This Babson Small Business report shows that we all benefit if we are able to foster a vibrant entrepreneurial ecosystem that best supports ongoing small business growth and job creation in America,” said Babson College President Kerry Healey.  “Public and private sectors must work together to support small businesses, which comprise 99 percent of all U.S. employer firms and which account for more than half of the private sector’s net new jobs over the past two decades.” The purpose of the report is to advance the small business owner’s perspective on how to grow in the U.S. business landscape specifically around: access to capital, the regulatory environment, workforce, and technology. It is based on the feedback of over 1,800 respondents across the country, all of which have at least four employees and at least $150,000 in revenues. The respondent pool consists of small businesses specifically identified as growth-oriented through participation in the Goldman Sachs 10,000 Small Businesses program, along with a comparative random sample of businesses by size and age criteria without any explicit growth identification…”

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