By SEMA Washington, D.C., Staff
The economic climate for America’s small businesses continues to improve despite lingering challenges from the 2008–2009 recession, according to a new report issued by the U.S. Small Business Administration’s Office of Advocacy. The “Small Business Economy” report provides detailed information on expanding production and profits, and declining unemployment and bankruptcies. Small businesses represent half of the private-sector output since the peak of the recession in 2009. Manufacturing sales, which dropped between 2005 and 2009, were up 11.2% in 2009–2010 and 11.7% in 2010–2011.
Questions? Contact Stuart Gosswein at stuartg@sema.org.