WASHINGTON, D.C. - Small businesses will play an important role in the economic future of Connecticut, according to the Office of Advocacy's Small Business Profile for the state.
WASHINGTON, D.C. â Small businesses will play an important role in the economic future of Connecticut, according to the Office of Advocacyâs Small Business Profile for the state.
âConnecticut continues to depend on the health and ingenuity of its small business sector for the stateâs economic growth,â said Susan Walthall, acting chief counsel for Advocacy. âIn todayâs economic climate, it is especially important for policymakers to keep small business concerns in mind as they formulate policy.â
Small businesses have created 39.9 percent of the stateâs net new jobs between 2005 and 2006. They accounted for 49.6 percent of Connecticutâs total private sector employment in 2006 (using the latest available data).
Small employers in the United States numbered six million in 2006, and represented 99.7 percent of the nationâs employers and 50.2 percent of its private sector employment.
For more information and a complete copy of the state and territory small business profiles, visit the Office of Advocacy website at www.sba.gov/advo/research/profiles.