How Many Small Businesses in California
Introduction
California is home to more than 4.1 million small businesses, representing 99.8 percent of all in-state companies. The state is home to more than 7.2 million jobs at small businesses, accounting for nearly half (47 percent) of total private employment in California and generating $1 trillion in annual revenue.
California is home to more than 4.1 million small businesses, representing 99.8 percent of all in-state companies
California is home to more than 4.1 million small businesses, representing 99.8 percent of all in-state companies that operate as a legal entity and employ workers. These companies contribute $1.3 trillion to California's economy and create almost 7.2 million jobs for our residents.
In addition to the numerous benefits small businesses provide to our state's economy, they also play an important role in supporting local communities by providing jobs for residents and contributing financially through taxes or charitable giving programs such as United Way or Habitat for Humanity International.
The state is home to more than 7.2 million jobs at small businesses.
The state is home to more than 7.2 million jobs at small businesses.
California is the number one state in the country when it comes to small businesses.
California is home to more than 4.1 million small businesses, including nearly 2.4 million employer firms and over 1,200 self-employed persons.
Over 99.8% of American businesses are small businesses
It's a common misconception that small businesses are not the backbone of our economy. In fact, over 99% of American businesses are classified as small businesses.
Small businesses are responsible for creating over two-thirds of all new jobs in America and they account for more than half of the country's output. They also account for 60% of net new job creation in California and over 80% in San Francisco.
Small businesses make up roughly 65% percent of all U.S.-based companies with employees, employ nearly half (48%) of private sector workers, generate more than $30 trillion annually in revenue, create more than 50 million jobs each year around the world (more than two million alone were created by Apple), represent 99 percent (excluding mom-and-pop shops) out of 1 million firms that file taxes yearly but only employ one person each—these numbers may seem overwhelming but they're evidence that SMBs are everywhere!
Conclusion
There are many great things about small businesses, including the fact that they are so common. It’s important to remember that these businesses are creating jobs and opportunities for people all across California. We hope this article helped you see how many small businesses there truly are!
Additional Resources
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