SBA Office of Advocacy Issues Updated, Expanded FAQs
How much do you know about American small businesses? Did you know, for example, that there are 27.9 million small firms, and that about half of all new establishments survive at least five years? In keeping with its mission to examine the contributions of small businesses to the U.S. economy, the Office of Advocacy has expanded and redesigned its most requested publication, Frequently Asked Questions About Small Business (FAQ). The new edition includes twice as much data as previous versions, as well as charts and tables showing key small business statistics and trends. “Advocacy’s team of economists is constantly on the lookout for new and robust sources of statistics, while continuing to follow the trends evident in the government’s ongoing databases,” said Chief Counsel for Advocacy Winslow Sargeant. “We’re pleased to provide timely and actionable data on the key questions asked by small business people, policymakers, and the media.” Many key small business statistics remain vir