More than half of all Americans either work for or own a small business. National Small Business Week is this week, shining a spotlight on 30 million small businesses in the United States. Each year since 1963, the president has announced National Small Business Week to recognize the critical contributions of America’s small business owners and entrepreneurs. Small businesses employ nearly half of all Americans and create about two out of every three new jobs in the private sector each year. California’s Employment Development Department (EDD) provides the following facts that demonstrate the importance of small businesses in California: California is home to approximately 3.8 million small businesses (described as businesses that employ less than 500 workers), according to the U.S. Small Business Administration. Roughly 1.2 million businesses in California employ less than 10 workers, according to the most recent data EDD collected in 2017. The number of…
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