Small businesses play a pivotal role in the United States, and have significant impacts on the economy and employment.
Classified by the Small Business Administration (SBA) as firms with fewer than 500 employees, there are there are around 30 million small businesses in the United States.
According to the SBA, over half a million new small businesses are started each year, which help to create more than 2.5 million new jobs per year! Overall, small businesses employ more than 57 million people.
Because of how important small businesses are in the U.S., each year since 1963 the President of the United States has called for a National Small Business Week.
This week-long event was created to highlight the contributions of small businesses and entrepreneurs.
APRIL 29 TO MAY 5 IS NATIONAL SMALL BUSINESS WEEK 2018!
National Small Business Week 2018 officially started this past Sunday, April 29, in Washington D.C., and is set to run until May 5.
Throughout the week, the SBA will be hosting numerous events and giving out various awards that celebrate small business in America.
One event in particular is the free Virtual Conference that will be held May 1 to May 3 from 12:30-6:30 PM EST. The conference can be accesses for free via the SBA website, and is composed of multiple presentations each day.
For a full list of events and activities that are taking place, you can check out this list.
WHY DOES NATIONAL SMALL BUSINESS WEEK MATTER?
As we have already mentioned, small businesses and entrepreneurs are critically important to the United States, and are the backbone of the economy.
National Small Business Week was created to emphasize just how influential they truly are, as well as to spread awareness and promote a business-friendly atmosphere throughout the country.
The SBA and its partners want to ensure that small business growth in the United States continues long into the future, and create an environment that allows these employers to flourish.
Additionally, throughout National Small Business Week (and the rest of the year!) the SBA provides small business owners with resources that help them grow their business, and ultimately achieve success!
To learn more about National Small Business Week and all of the events that are taking place, be sure to check out the Small Business Administration website for the event by clicking here.