Economy Will Revive with Help from Entrepreneurs

Economy Will Revive with Help from Entrepreneurs

Small Business Administration’s Office of Advocacy recently released its annual report The Small Business Economy. In an accompanying letter to the President, the report affirms that “the economy will revive, with help from America’s entrepreneurs.”

This new edition documents the effects of the 2008 recession on small businesses. Although average unincorporated self-employment fell from 10.4 million in 2007 to 10.1 million, incorporated self-employment remained steady at 5.8 million on average over the 2007-2008 period.