Advocacy Newsletter: New Opportunities for Small Business Research

u s small business administration office of advocacy newsletter
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Advocacy Seeking Research Proposals 

Advocacy periodically funds economic research on small business issues. The office is currently seeking research proposals in six areas: bank formation, cybersecurity, population dynamics, entrepreneur demographics, veteran entrepreneurship, and miscellaneous small business topics. The proposal deadline is Aug. 16.

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Advocacy Comments to Energy Department

Advocacy filed comments on the Energy Department’s proposed “Test Procedure Interim Waiver Process.” Advocacy believes that streamlining the process eliminates delays for considering requests. This will reduce a serious burden on small business. Advocacy urged the agency to act quickly to finalize this rule. 

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Change to  Size Standards Method Proposed

The Small Business Administration proposes to modify its method for calculating annual average receipts used to prescribe size standards for small businesses, moving to a five-year averaging period from the current three-year period. The deadline for comments on this proposed rule is Aug. 23, 2019.

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REGULATORY CORNER

Regulatory Alert: DOL Proposes Rule to Create Private-Sector Apprenticeship Programs

On June 25, the Department of Labor published a proposed rule to create an apprenticeship program run by private-sector partners recognized by the agency. Comment deadine: Aug. 26, 2019.

Regulatory Alert: SEC Requests Comments on Changes to Registration Exemptions

On June 26, the Securities and Exchange Commission requested comments on several registration exemptions under the Securities Act of 1933 that facilitate capital raising. Comment deadline: Sept. 24, 2019.

NEW RESEARCH

New Advocacy Fact Sheet: Spotlight on Nonprofits

Nonprofits mean business! While not discussed as much as for-profit businesses, nonprofits are mostly small firms, they account for around 10 percent of businesses and employment, and their numbers have grown consistently.

Find Key Small Business Data on Advocacy's Web Page

Advocacy's webpage provides links to key small business data sets from the U.S. Census Bureau and the Bureau of Labor Statistics. These statistics can help policymakers understand small business issues and make informed decisions.

U.S. SMALL BUSINESS SPOTLIGHT

Q: How many small businesses are in United States?

A: The Office of Advocacy’s 2019 Small Business Profiles show that the United States has 30.7 million small businesses.

Q: How many people were employed by U.S. small businesses?

A: U.S. small businesses employed 59.9 million people, or 47.3% of the private workforce, in 2016, the latest year available.

Q: How many jobs were added in United States by small businesses?

A: Small businesses added 1.8 million net new jobs in the United States in 2016, the latest year available.

Q: In which U.S. industry do small businesses employ the most people?

A: Small businesses in the health care and social assistance industry employed 8.8 million U.S. residents in 2016, the latest year available.

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