Small Business & Jobs

Often overlooked when discussing economic conditions is the impact small business has on the number of jobs being created.  Small firms with less than 500 employees accounted for 63% of the net new private-sector jobs created between 1993 and mid-2013.  What's more, small businesses make up 99.7% of U.S. employer firms and 48.5% of private-sector employment.  Clearly small businesses are important to our economy and the community banks that largely serve them.