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 INTRODUCTION

Starting a business is very exciting as well as demanding.  Many resources are on the web. Particularly helpful is The Small Business Administration (SBA) website - www.sba.gov; and, the local bookstore sells many books about the subject. One site, which is part of the SBA www.sba.gov/advo is dedicated to current small business issues and is sponsored by The Office of Advocacy. This part of the small business administration was created by Congress in 1976, and is an independent voice for small business within the federal government. Visit the Office of Advocacy website to sign up for their bulletins and to learn more about the Office of Advocacy.   You will see the following article on the Website “10 Reasons To Love Small Business”. <u>Read</u> about the agency and think about how important small business is to the U.S. economy.

Appointed by the President and confirmed by the U.S. Senate, the Chief Counsel for Advocacy directs the office.  The Chief Counsel advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policy makers.  Economic research, policy analyses, and small business outreach help identify issues of concern.  Regional Advocates and an office in Washington, DC, support the Chief Counsel's efforts.  For more
information on the Office of Advocacy, call  (202) 205-6533.

Top 10 Reasons To Love Small Business
 The Heart Of The American Economy

 WASHINGTON, D.C. - Just in time for Valentines Day the Office of
Advocacy of the SBA offers the top 10 reasons to love small business, the heart of the American economy.

<u>Top 10 Reasons To Love Small Business

</u>10. Small businesses make up more than 99.7% of all employers.

9. Small businesses create more than 50 percent of the non-farm private
gross domestic product (GDP).

8. Small patenting firms produce 13 to 14 times more patents per employee
than large patenting firms.

7. The 22.9 million small businesses in the United States are located in
virtually every neighborhood.

6. Small businesses employ about 50 percent of all private sector workers.

5. Home-based businesses account for 53 percent of all small businesses.

4. Small businesses make up 97 percent of exporters and produce 29 percent
of all export value.

3. Small businesses with employees start-up at a rate of over 500,000 per
year.

2. Four years after start-up, half of all small businesses with employees
remain open.

1. The latest figures show that small businesses create 75 percent of the
net new jobs in our economy.

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