National Small Business Week celebrates risk-takers, job creators
The U.S. Small Business Administration National Small Business Week began April 29 and ends May 5. The week is especially meaningful because 90 percent of AWB members have fewer than 100 employees.
As AWB's 2017 Small Business Report notes, historically, small businesses account for 64 percent of all new jobs. That's according to The Brookings Institution's data, which also found that more than 20 percent of Washington state's workforce is employed by firms with fewer than 20 employees.
This week is also a good opportunity to reflect on the fact that even large businesses -- including AWB's 2017 Employer of the Year, Schweitzer Engineering Laboratory -- started out as small operations in garages and basements.
Small businesses are the foundation of America's economy. More than half of Americans either own or work for a small business, and small businesses create about two out of every three new jobs in the U.S. each year.
In announcing this year's Small Business Week, the U.S. Small Business Administration said of the risk-takers, "Every day, they’re working to grow small businesses, create 21st century jobs, drive innovation, and increase America’s global competitiveness."
The week is also a good reminder that when small businesses are supported by their communities and through public policies that ensure tax and regulatory, they are the engine that lifts up the nation's economy.
AWB has up-close view inside the life of a small-business owner, AWB's summer 2017 magazine cover story, "So, You Think You Want to Run a Small Business," spent a day in the life of three small Washington employers.