U.S. economy and small business

According to the U.S. Small Business Administration, small businesses:

- Represent 99.7 percent of all employer firms.
- Employ over half of all private sector employees.
- Pay more than 45 percent of total U.S. private payroll dollars.
- Generate 60 to 80 percent of net new jobs.
- Create more than 50 percent of nonfarm private gross domestic product (GDP).
- Produce 13 to 14 times more patents per employee than large patenting firms.
- Are employers of 41 percent of high tech workers (such as scientists, engineers, and computer workers).
- Made up 97 percent of all identified exporters and produced 28.6 percent of the known export value in FY 2004.