US Small Business Facts of 2008: SBA
Many of the nation wide new jobs are created by small businesses. They almost provide employment for about half of the nation’s private sector work force. They also provide half of the nations private real gross domestic product (GDP), nonfarm and also a significant share in innovations. There was 1.1 percent increase in Real Gross Domestic Product this year. But during the fourth quarter, GDP was down 6.3 percent on annualized basis. There was modest …
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