62%
of new jobs created between 1995 and 2020 came from small businesses

Source: U.S. Small Business Administration
Additional Information: This is counted in terms of net new jobs (total jobs created minus jobs lost). That's about 12.7 million net new jobs created by small businesses, compared to 7.9 million jobs from large firms. A small business is defined here as having fewer than 500 employees.
Reference: For more information, read the U.S. Small Business Administration analysis, "Frequently Asked Questions About Small Business, 2021." "Frequently Asked Questions About Small Business, 2021."

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