California Supplement State of Small Business Report: Fall 2011
First published November 2011
Despite difficult times, California’s small business owners remain resilient. While the tech giants of Silicon Valley and entertainment powerhouses in Los Angeles enjoy much of the spotlight, small businesses quietly propel forward the world’s 8th largest economy. In fact, California’s small businesses represent 99.2% of the state’s employers and account for 51.6% of the private sector jobs. In terms of Gross State Product, small businesses account for 75% of all value added by industries within the state. The statistics are clear, small businesses fuel California’s economy. In order for California’s economy to grow, we need to help small business grow.
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