Goldman Sachs: Voice of Small Business in America:2019 Insights Report
For 2018, U.S. small businesses comprise 99% of all employer firms and employ nearly half of the American workforce.
1. The #1 challenge is still hiring and retention
2. Time spent on regulation climbs and compliance costs endure
3. Small businesses support a higher minimum wage
4. Small businesses invest in their people through healthcare, training and retooling
5. Gender and race differences are material
6. Capital is often used to maintain operations, rather than fuel strategic growth
Reference
“2018 Small Businesses Profile.” SBA, Office of Advocacy
“Small Business Administration and Job Creation” Congressional Research Service