Why Small Business

Small business is the backbone of the American economy.

Small business provides almost half of the jobs in America.  According to the Small Business Administration, businesses with less than 500 employees account for about two-thirds of net new jobs in the U.S. economy. This means that small businesses are not only important for their growth and success, but they are also vital for the overall health and prosperity of the U.S. economy.

We need to help them be competitive. 

99.9% of all US businesses are small businesses.

  • Employ 47.3% of America’s workforce (59.9 million employees).
  • Produce 62% of all new jobs (1995-2020).
  • Account for 44% of economic activity in the US.

Small business is the cornerstone of American entrepreneurship:

Small businesses are a vital part of the American Dream, representing the entrepreneurial spirit and drive that has made this country the envy of the world.

But they face many operational challenges. One of those is the ability to recruit and retain quality talent. From the mom-and-pop shops of Main Street to the high-tech startups of Silicon Valley, quality employees are becoming increasingly difficult to find. And it is not because of wages. Many are lost to the benefit packages of larger businesses. This includes proper and affordable health care coverage.

The government does not know best. Current efforts by policymakers to force everyone into a government-run system would get rid of the choices small businesses want for their employees. Our government should be supporting small businesses by reducing red tape in health care, not increasing it. Providing the resources, opportunities, and choices they need to remain competitive against larger businesses and ensure that the American Dream remains alive for generations to come.