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Small Business in the Aftermath of the Great Recession Growth, Business startups/endings, and employment.

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Presentation on theme: "Small Business in the Aftermath of the Great Recession Growth, Business startups/endings, and employment."— Presentation transcript:

1 Small Business in the Aftermath of the Great Recession Growth, Business startups/endings, and employment

2 What’s the difference between big business and small business?

3 What’s a Small Business? It depends on who you ask SBA: company with fewer than 500 employees BLS: 250 or fewer employees Affordable Care Act: 50 or less

4 Economic Growth: Small Business vs. Big Business

5 Business Activity: Small vs. Large

6 Business Startups and Endings

7 Startups and Endings (Florida)

8 Employment: Small ( 250) Small (+)Small (-)Big (+)Big (-) Q

9 Changes in Employment: Recession vs. Recovery by Firm Size recessionrecoverynet Small (<50)-3.8m+2.2m-1.6m Mid (50-250)-1.6m+1.7m+0.1m Large (250+)-4.3m+3.6m-0.7m

10 Self-Employed by Age Self-employed aged 25 and younger declined by 19% between 2005 and 2010 Self-employed aged 65 and older rose by 24% Number of self-employed down by 1 million or 10% since the start of the recession (9.4m now compared to 10.4m prior to recession)

11 Role of Lending


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