April Newsletter: Advocacy Releases 2019 State Small Business Profiles

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Trade Outreach Recaps

The Office of Advocacy hosted outreach meetings in Ohio and DC to receive feedback from small businesses and their representatives regarding their views on trade agreements being negotiated with Japan, the European Union, and the United Kingdom, and their experience doing business in these markets. 

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WOTUS Roundtable Recaps

The Office of Advocacy hosted roundtables in Colorado and Florida to discuss the Army Corps and EPA’s Proposed Rule to Revise the Definition of Waters of the United States. Following this outreach, Advocacy submitted comments in support of revised definition of waters of the United States, but suggested more clarity.

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Advocacy Testifies in Tampa

Advocacy's Director of Interagency Affairs, Charles Maresca, testified at a U.S. Senate Small Business Committee hearing in Tampa, Fla, on April 5. Maresca shared concerns raised by small manufacturers of premium cigars on the effects of the Food and Drug Administration’s Deeming Rule.

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STATE SMALL BUSINESS PROFILES RELEASED

2019 Small Business Profiles for the States and Territories

The Office of Advocacy released the annual Small Business Profiles for the States and Territories. The profiles are an annual portrait of small business health of each state and territory, plus the United States and the District of Columbia. The profiles combine the latest federal data into detailed reports on the small business economy in each state, and limited economic data is provided for five U.S. territories.

This year’s profiles report on state economic growth and employment. They also answer the questions:

  • How many small businesses are in my state?
  • How many jobs do they create?
  • Which industries have the most small businesses and small business jobs?
  • How many establishments opened and closed?
  • How many small businesses export, and how much?
  • Which counties have the most self- employment?

RFA ANNUAL REPORT RELEASED

Regulatory Burden Reduced for Small Businesses in FY 2018

The Office of Advocacy’s efforts at monitoring federal agency compliance with the Regulatory Flexibility Act (RFA) resulted in changes to 18 specific rules that reduced the regulatory burden for small business. These include $253.3 million in quantifiable small business regulatory compliance cost savings in FY 2018. The Office of Advocacy’s new publication, “Report on the Regulatory Flexibility Act, FY 2018,” recounts these efforts in detail. A summary of the research is also available.

Federal agencies have been methodically reviewing regulations that contribute to private sector burdens. The Office of Advocacy, the voice of small business in the federal government, is working to introduce small businesses’ priorities into the deregulatory process. Advocacy’s efforts to bring small businesses and policymakers together include:

  • 13 regulatory issue roundtables in Washington to provide a forum for small business concerns,
  • 23 regional roundtables in 16 states, and
  • Visits to 67 small businesses in 15 states to gain a better understanding of the practical issues small businesses face with regulatory compliance.

FREQUENTLY ASKED QUESTIONS

Q: What percent of net new jobs do small businesses create?

A: From 2000 to 2017, small businesses created 8.4 million net new jobs while large businesses created 4.4 million. Thus, they accounted for 65.9% of net new job creation in the period.

Q: How can small businesses generate two-thirds of net new jobs, but their share of employment is less than 50%?

A: As firms grow, they change employment size classes. So as small firms grow, their growth counts toward small firm job gains; but if they pass the 500-employee mark, their employment gains are classified as large firm employment.

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