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Entrepreneurs and Small Businesses Spur Economic Growth and. local growth and job creation, SMEs play an increasingly important role in.

 · The Real Reasons Why Small Businesses are Important to the Economy.. During periods of lay-offs prevailing in the entire economy, the number of small-business start-ups will go up even though big corporates will downsize. The banks will fund.

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In fact, it is small business — firms with fewer than 500 employees — that drives the U.S. economy by providing jobs for over half of the nation’s private workforce. In 2010, there were 27.9 million small businesses in the United States, compared to 18,500 larger firms with 500 employees or more, according to the U.S. Census Bureau .

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The Real Reasons Why Small Businesses are Important to the Economy. Also, these jobs are created at a faster pace too, because many small enterprises are more inclined towards increasing their work force, while big corporates concentrate on wealth generation through higher investments. During periods of lay-offs prevailing in the entire economy,

Economists theorize that small businesses and startups are some of the most important influencers for economic growth, but why? Big businesses may dominate the stock market, but it’s small businesses and startups that keep our economy moving. small businesses create job opportunities and drive.

Reasons Why Small Businesses are Important | Your Business – The small business administration reports that from 2005 to 2008, small businesses were responsible for creating 81.4 percent of the net new jobs in the U.S. Job growth is imperative for the continued growth of the U.S. economy, and small businesses meet those needs with new jobs being created all the time.

Another reason small businesses are important to the economy has to do with securing patents in the United States. Investors are more likely to look at your invention if it is patented, and these investors can provide your small business with venture capital funding.

Looking for the latest small business statistics?. and why are small businesses important for our economy, you can find all the answers after.

When it comes to showing your support for small businesses, it's important to do. helps to stimulate the local economy and keep business booming within your.