Facts
- More than three million businesses are minority-owned, and the number is growing
- More than 9.1 million businesses are women-owned—which represents more than a third of all U.S. companies—and the number is growing
- Small businesses—firms with less than 500 employees—represent 99.7% of all American employers
- Small businesses employ 53% of the private workforce
- Small businesses create three out of four new jobs
- Small businesses contribute 47% to all sales in the country
- A small business with 100 employees adds to an area:
- 351 more people
- 79 more school children
- 97 more families
- $490,000 more bank deposits
- one more retail establishment
- $565,000 more retail sales per year
- $1,036,000 more personal income per year
- Small businesses are responsible for 50% of the private gross domestic product
- Small firms produce 55 percent of all innovations and generate twice as many product innovations per employee as large firms, including employees of firms that do not innovate
- Over 45% of BOC Network clients are new entrepreneurs
- BOC clients have accessed over $23 million dollars in small business financing
- More than 8000 small business owners and would-be entrepreneurs have been individually assisted
by BOC Network staff and many more have attended entrepreneurial workshops and networking events
- Computer & Data Processing Services
- Counseling & Rehabilitation
- Credit Report & Collections Firms
- Medical & Dental Laboratories
- Outpatient Care Facilities & Physician's Offices
- Providers of Day Care
- Restaurants
- Special Trade Construction Contractors
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