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looks at small business's contribution to U.S. economic expansion, small business in U.S. history, government's role in encouraging small business, how U.S. bankruptcy laws encourage risk-taking and entrepreneurship, and more. (Department of State)
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Successful small businesses are critical to maintaining a robust U.S. economy. The numbers almost speak for themselves:
• 99 percent of all American businesses are small.
• Small businesses provide approximately 75 percent of the net new jobs added to the U.S. economy every year.
• Small businesses represent 99.7 percent of all employers.
• Small businesses employ 50.1 percent of the private workforce.
• Small businesses provide 40.9 percent of private sales in the country. |
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Facebook founder, Mark Zuckerberg |
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