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General Business Facts & Stats
The Power of Small Business
Over 90% of the Blount County Chamber’s 1300 membership is comprised of small businesses. That gives you an idea of how important small business is to our Chamber but how important are they to the community and to the nation? Check it out:
Small business in the U.S ……….
- Represents 24,653,098 in number in the entire United States
- Represents 471,316 in number in the state of Tennessee
- Are 53 percent home based and 3 percent franchises
- Generate 60 to 80 percent of net new jobs annually
- Pay 45 percent of the total U.S private payroll
- Represent 99.7 percent of all employers
- Employ half of all private sector employees
- Employ 41 percent of high tech worker (scientists, engineers, etc.)
Small Business is Powerful! For more small business information visit:
www.uschamber.com/sb/issues
www.census.gov
www.allbusiness.com
Forbes - Best Places For Business
April 30, 2007
For the second consecutive year, the metro Knoxville area has won fifth spot on Forbes magazine's annual "Best Places for Business and Careers" list.
"Once again Knoxville has proved that we are truly a great place to start a career and business," said Mike Edwards, president and chief executive officer of the Knoxville Chamber. Edwards said that such a national ranking helps the Jobs Now! regional economic development initiative. The objectives are to attract new companies and higher paying jobs, foster growth and retention of the existing industries base and enhance the entrepreneurial environment for new start-up businesses. The economic development campaign supports job growth and new, nonresidential capital investment in the region.
Other Tennessee metros and their Forbes ranking were: Nashville (9), Kingsport (93), Clarksville (102), Chattanooga (108), Memphis (131).
Click here for the full Forbes story
Helpful Resources
- AllBusiness.com is an online media and e-commerce company that operates one of the premier business sites on the Web. The site has received critical acclaim and notoriety from The Wall Street Journal, Forbes, Business 2.0, Fortune, The New York Times, US News & World Report, USA Today, and other publications. AllBusiness.com helps business professionals save time and money by addressing real-world business questions and presenting practical solutions. The site offers resources including how-to articles, business forms, contracts and agreements, expert advice, blogs, business news, business directory listings, product comparisons, business guides, a business association and more.
- Entrepreneur.com is a great source for business articles, tools, resources and links to other useful sites.
- Grants.gov was established as a governmental resource named the E-Grants Initiative, part of the President's 2002 Fiscal Year Management Agenda to improve government services to the public.
- North American Industry Classification System -The North American Industry Classification System (NAICS) has replaced the U.S. Standard Industrial Classification (SIC) system. NAICS will reshape the way we view our changing economy. NAICS was developed jointly by the U.S., Canada, and Mexico to provide new comparability in statistics about business activity across North America.
- SBA - The U.S. Small Business Administration was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. We recognize that small business is critical to our economic recovery and strength, to building America's future, and to helping the United States compete in today's global marketplace. Although SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States, Puerto Rico, the U. S. Virgin Islands and Guam.
- Small Business Guide to Federal Contracting includes small business guide to contracting opportunities, FAQs on small business contracting and information on how to sell to the federal government.
- U.S. Census includes demographic information on people & households, business & industry, geography and newsroom articles.
Other Helpful Links:
