Small Businesses: Catalysts of U.S. Economic Growth
Photo by Jeremy Bishop on Unsplash Introduction Small businesses serve as the backbone of the U.S. economy, contributing significantly to job creation and economic dynamism, especially in the wake of the COVID-19 pandemic. As of July 2024, there are 34.8…
The Economic Impact of Small Businesses Post-Pandemic
Photo by Edwin Hooper on Unsplash Introduction Since the onset of the COVID-19 pandemic, small businesses have experienced a renaissance as catalysts for job growth in the US economy. Historically faced with challenges, these enterprises have surged in their role…
American Small Businesses: Economic Pillars & Challenges
Photo by Annie Spratt on Unsplash Introduction Small businesses form the backbone of the American economy, employing nearly half of the workforce and contributing a substantial 43.5% to the GDP. They intertwine with large corporations, providing essential roles as vendors,…