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What Kinds of Small Businesses Are Doing the Best?
- Small businesses, defined as firms with fewer than 500 employees, significantly contribute to the U.S. economy and employment as of 2024.
- This prominence arises because small businesses generate nearly 44% of GDP, employ half of private-sector jobs, and create over 70% of net new jobs since 2019.
- Among thriving sectors, private home care agencies form 25,700 firms with 1.5 million workers and expect 21% job growth from 2023 to 2033, faster than average.
- However, small businesses face challenges as tariffs that vary unpredictably raise costs, forcing price increases that risk pricing some firms out of the market.
- Despite economic uncertainty, technological advances and innovation support small business resilience, though future sector performance remains uncertain.
Insights by Ground AI
35 Articles
35 Articles
Small businesses keep our communities strong
WASHINGTON, D.C. — Every year, during National Small Business Week, we recognize and celebrate the contributions that our small businesses make to our economy and our communities. From family-owned-and operated enterprises spanning generations to young entrepreneurs pursuing the American Dream,…
Coverage Details
Total News Sources35
Leaning Left1Leaning Right1Center27Last UpdatedBias Distribution93% Center
Bias Distribution
- 93% of the sources are Center
93% Center
C 93%
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