From the Wires
Report: Small Businesses Leading Nation's Economic Recovery
By: PR Newswire
Feb. 11, 2013 04:46 PM
Office of Advocacy Issues Report on the Small Business Economy
WASHINGTON, Feb. 11, 2013 /PRNewswire-USNewswire/ -- The economic environment is turning around for America's small businesses despite some lingering challenges from the recession that hit the nation in 2008-2009, according to a new report released today by the U.S. Small Business Administration (SBA) Office of Advocacy, an independent office that serves as the voice for small business within the federal government.
"The Small Business Economy 2012 demonstrates that small businesses have been at the core of our economy's growth over the past few years," said Dr. Winslow Sargeant, Chief Counsel for Advocacy. "Thanks to hardworking small business owners across the country, 2011 represented the second full year of economic expansion since the peak of the recession in 2009, with small businesses representing half of the private-sector output. We still have a lot of work to do, but this report tells an inspiring story: output, business income and profits are rising for small businesses, and bankruptcies and unemployment are declining."
The Small Business Economy, an annual report published by the Office of Advocacy for over 30 years, provides detailed information on the performance of America's small businesses. For the second year in a row, Advocacy released the full report in an online format.
"This report provides a rich collection of information about small business contributions to the economy and trends over time, and is once again available in an online format, increasing the accessibility and usability of the information," said Sargeant.
Highlights of the tables in this year's report include the following:
Click here to read or download a complete version of the full report.
The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. The presidentially appointed and Senate confirmed Chief Counsel for Advocacy advances the views, concerns and interests of small business before Congress, the White House, federal agencies, federal courts and state policymakers. Regional advocates and an office in Washington, D.C., support the Chief Counsel's efforts. For more information, visit www.sba.gov/advocacy, or call (202) 205-6533.
SBA Number: 13-02 ADV
Contact: Brad Howard (202) 205-6941
SOURCE The Office of Advocacy of the U.S. Small Business Administration (SBA)
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