It may seem that no matter where you go in the U.S. you see chain stores — those ubiquitous big box stores with Starbucks (SBUX) – Get Report inside of them. But fear not: Small business in America is not dead. In fact, it’s the majority of the country’s business, according to the Small Business and Entrepreneurship Council.
There were 5.6 million employer firms in the U.S. in 2016, and firms with fewer than 20 workers made up 89% of them, and there were another 24.8 million non-employer businesses, the SBE Council says.