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Feb 13 2020

How do we love you? Let us count the ways...


Seattle District Office  -  Feb. 12, 2020

u s small business administration
SBA Loves Small Businesses

Top Six Reasons We Love Small Biz

Small businesses are the heart of Washington and Idaho's economy. This Valentine’s Day, the SBA Seattle District Office sends entrepreneurs this valentine with the top six reasons why we love small businesses.

Small businesses...

  1. Create jobs – Two out of every three new jobs created in the U.S. are from small businesses.
  2. Drive innovation – Small patenting firms produce 13 to 14 times more patents per employee than large patenting firms.
  3. Represent the diversity of America – Approximately 197,023 small businesses in Washington are minority-owned with the number of firms increasing. In Idaho there are 13,523 minority-owned firms.
  4. Create opportunities for flexible work and lifestyles – Home-based businesses account for 53 percent of all small businesses.
  5. Inspire us – Small business owners work countless hours, invest their personal time and assets, improve their communities and follow their dreams.
  6. Employ more than half the workforce – Small businesses in Washington employed 1.4 million people in the state’s private workforce in 2019. In Idaho, they employed 315,753 people in 2019. 

Get more small business statistics and insights from the SBA Office of Advocacy:

Learn more

    event spotlight

    Live Webinar - SBA Loan Chat: Become Your Own Boss

    Join our local SBA Lender Relations Specialist to learn how the SBA can help you finance your own business or purchase an existing business.

    Thursday, Feb. 20 | 11 a.m. to 12 p.m.

    Register


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