Why Colorado Loves Small Business

Ten Reasons To Send Them A Valentine

Colorado loves small business; the Office of Advocacy of the U.S. Small Business Administration is sending them this valentine with the reasons why.

We Are Sending This Valentine To Colorado Small Businesses Because:

10. Small businesses make up 97.8 percent of all Colorado employers.

9. Small businesses create more than 50 percent of America’s private non-farm gross domestic product (GDP).

8. Small patenting firms produce 13 times more patents per employee than large patenting firms do.

7. The 550,100 small businesses in Colorado are located in every community and neighborhood.

6. Small businesses employ 52.0 percent of Colorado’s non-farm private sector workers.

5. Home-based businesses account for 52 percent of all small businesses.

4. Small businesses are 97 percent of America’s exporters and produce 28.6 percent of all export value.

3. Colorado saw an estimated 22,708 new small employers start up in the last year measured.

2. There are approximately 46,400 minority-owned businesses and 135,200 women-owned businesses in Colorado, and almost all of them are small businesses.

1. The latest figures show that small businesses create 60 to 80 percent of America’s net new jobs.

The Office of Advocacy, the “small business watchdog” of the government, examines the role and status of small business in the economy and independently represents the views of small business to federal agencies, Congress, and the President. It is the source for small business statistics presented in user-friendly formats and it funds research into small business issues.

For more information, visit the Office of Advocacy website at www.sba.gov/advo.

[ Back ]