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Connecticut's Economic Recovery Depends on Small Business.


Updated Statistics Underscore The underscore character (_) is often used to make file, field and variable names more readable when blank spaces are not allowed. For example, NOVEL_1A.DOC, FIRST_NAME and Start_Routine.

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 the Importance of Small Business

WASHINGTON Washington, town, England
Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area.
 -- Connecticut's economic recovery will depend on small business. That message is driven home in the newly updated Connecticut Connecticut, state, United States
Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W).
 Small Business Profile released today by the Office of Advocacy The act of Pleading or arguing a case or a position; forceful persuasion.  of the U.S. Small Business Administration. The most recent data show that the state has 75,626 small employers, and they employ 97.4% of the state's workforce.

"Connecticut depends on small business for jobs and economic growth," said Shawne McGibbon, Acting Chief Counsel for Advocacy. "During this time of financial stress and economic instability instability /in·sta·bil·i·ty/ (-stah-bil´i-te) lack of steadiness or stability.

detrusor instability
, policymakers need to remember that the state's small businesses provide the economic base for its families and communities."

To further highlight the importance of small business, the updated profile notes that small businesses created all of the state's net new jobs from 2004 to 2005 (latest available data).

Not only does the state's economy depend on the health of its small businesses, so too does the economy of the United States The United States economy has the world's largest gross domestic product (GDP), $13.21 trillion in 2006. It is a mixed economy where corporations and other private firms make the majority of microeconomic decisions while being regulated by the government. .

The U.S. has slightly more than 6 million small employers, or 99.7% of all employer firms, and they provide 50.4% of its private sector employment. These firms created 78.9% of the nation's net new jobs from 2004 to 2005, and they generated more than half of the private non-farm gross domestic product.

The Office of Advocacy, the "small business watchdog" of the federal government, examines the role and status of small business in the economy and independently represents the views of small business to federal agencies, Congress, and the President. It is the source for small business statistics presented in user-friendly user-friendly - Programmer-hostile. Generally used by hackers in a critical tone, to describe systems that hold the user's hand so obsessively that they make it painful for the more experienced and knowledgeable to get any work done.  formats, and it funds research into small business issues.

For more information and a complete copy of state and territory small business profiles, visit the Office of Advocacy website at www.sba.gov/advo.

The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. The presidentially appointed Chief Counsel for Advocacy advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policymakers. For more information, visit www.sba.gov/advo, or call (202) 205-6533.

SBA Number: 09-01 ADVO
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Publication:Business Wire
Date:Jan 23, 2009
Words:370
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