Press Releases

Small Business Committee Leads Bipartisan Resolution to Celebrate National Small Business Week

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Washington, April 27, 2016 | comments
FACT: 99.7 Percent of Businesses with Employees are Small Businesses

 –Members of the Small Business Committee have joined together to introduce a bipartisan House resolution celebrating the first week of May as “National Small Business Week.”

“America’s 28 million small businesses are the backbone of our economy,” said House Committee on Small Business Committee Chairman Steve Chabot (R-OH). “This bipartisan resolution reminds these job creators that regardless of our political parties or ideologies, members of our Committee will continue to have their back and do everything we can to help them succeed.  I want to thank my good friend, Ranking Member Velázquez, for her support of this measure to encourage all Americans to shop at their local small businesses next week.”

“Entrepreneurship has always been a cultural cornerstone of our nation," said Ranking Member Nydia M. Velázquez (D-NY). "With this bipartisan resolution we celebrate small businesses’ contributions to our broader economy and prosperity. I thank Chairman Chabot for his leadership in introducing this resolution and joining with me as we pay honor to the small businesses in every community throughout our nation.”

The resolution lays out the most recent statistics highlighting the importance of small businesses to the U.S. economy. Specifically:

-There are 28 million small businesses in the United States

-99.7 percent of businesses with employees are small businesses

-98 percent of American exporters are small businesses

-63 percent of new jobs created are by small businesses

-48 percent of private sector workers work for a small business

-46 percent of private sector output is produced by small businesses

You can read the full text of the National Small Business Week resolution HERE.
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