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If the 2008 financial crisis was the story of “too big to fail” institutions that well, failed, then the U.S. economic recovery has been a tale of the strength, resilience and productivity of small businesses. In other words, companies with 500 or fewer employees, as defined by the SBA are worth celebrating.
All across the country, companies that are low on head count have been high in every measurable financial metric. As Small Business Week approaches, a study of the past production and bright projections of such organizations hammers home one key point—as small business goes, so does the nation’s economy.
Here are 10 stats and numbers that illustrate the true grit and power of small business: