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Published byHailie Trace Modified over 9 years ago
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Small Business in the Aftermath of the Great Recession Growth, Business startups/endings, and employment
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What’s the difference between big business and small business?
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What’s a Small Business? It depends on who you ask SBA: company with fewer than 500 employees BLS: 250 or fewer employees Affordable Care Act: 50 or less
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Economic Growth: Small Business vs. Big Business
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Business Activity: Small vs. Large
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Business Startups and Endings
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Startups and Endings (Florida)
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Employment: Small ( 250) Small (+)Small (-)Big (+)Big (-) 20033318325717041747 20043410323917851571 20053466329218191550 20063426328717201554 20073339333017001596 20083090346015011913 20092856335413031956 20102985319815581400 20113034288716081378 20123041284616531403 2013Q23064284717681465
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Changes in Employment: Recession vs. Recovery by Firm Size recessionrecoverynet Small (<50)-3.8m+2.2m-1.6m Mid (50-250)-1.6m+1.7m+0.1m Large (250+)-4.3m+3.6m-0.7m
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Self-Employed by Age Self-employed aged 25 and younger declined by 19% between 2005 and 2010 Self-employed aged 65 and older rose by 24% Number of self-employed down by 1 million or 10% since the start of the recession (9.4m now compared to 10.4m prior to recession)
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Role of Lending
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