The SBA released this nugget 3 years ago.
State of the Inner City Economies: Small Businesses in the Inner City reports that small businesses are the greatest source of net new employment in inner cities. They comprise more than 99 percent of inner city business establishments and they generate 80 percent of the total employment in those areas. In all, America’s inner city small businesses employ about nine million people, or eight percent of the U.S. private workforce.
This refers to just the inner city. I wonder what percentage of Americans are employed by small businesses. This just goes to show that cutting taxes for middle class will also result in the creation of jobs and allow them a chance at the same entrepreneurial dream of the wealthy.
Horatio Alger wrote stories of entrepreneurship which is the real American Dream. We are pioneers and with the lack of new land we are going to have to find somewhere to build our dreams. I imagine that will be in the land of business.
Wednesday, July 2, 2008
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