Small Business is key to Oregon’s economy
Small businesses make a significant contribution to the
economy and they are the engines of Oregon’s economy.
Nationally, small firms generate half of U.S. private
output and employment.
Oregon’s net job growth between 2002-2003 occurred in firms
with fewer than 20 employees.
The U.S. Small Business Administration (SBA) calls small businesses
the “backbone” of the American economy.
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Oregon Businesses:
98% have fewer than 100 employees.
96% have fewer than 20 employees.
65% have fewer than 10 employees.
Oregon is a small firm state, ranking 13th in the U.S.
in employment by businesses with 1- 4 employees.
Minority-owned businesses generated $3.9 billion
in revenues per year nationally.
Women-owned businesses in Oregon account for
59% of all privately held businesses in the state.
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