Small Business Administration: Offices of Advocacy Releases the Wisconsin Small Business Profile

Contact: Elle Patout, [email protected]

Wisconsin is home to 440,763 small businesses

WASHINGTON, D.C. – The Office of Advocacy, an independent office within the Small Business Administration, released the annual Small Business Profiles. The user-friendly data-rich profiles capture vital information on the U.S. and state-level economic growth, industry, and jobs using completely reproducible data from the leading government statistical agencies.

“Continuing Advocacy’s efforts to modernize and improve the application of our products, this year’s Small Business State Profiles have elevated the bar of usability,” said Chief Counsel for Advocacy Darryl L. DePriest. “This transparent format allows for anyone to reproduce and create their own small business profiles specific to their needs or the needs of their stakeholders.”

“The revamped design and the intuitive charts allow Wisconsin’s small businesses to better understand the contributions they make to their community and the critical role they play in Wisconsin’s economic success,” said Chief Economist and Director of Economic Research Christine Kymn.

Top line small business statistics include:

• Wisconsin is home to 440,763 million small businesses.
• Wisconsin small businesses represent 97.7% of all businesses with employees and employ about 51.8% of the private-sector workforce.
• Small businesses with fewer than 100 employees have the largest share of small business employment.
• The three Wisconsin industries with the most small business jobs are Manufacturing with 205,710 jobs, Health Care and Social Assistance with 167,603 jobs, and Accommodation and Food Services with 156,481 jobs.
• The number of minority-owned firms increased by 55.6% between 2007 and 2012.
• Small businesses made up 86.9% of Wisconsin exporting companies and generated 27.1% of Wisconsin’s total known export value.

The Wisconsin profile is available on the Office of Advocacy website.

Background: The Small Business Profiles report on the economic status of small business from 2010 to 2015. The profiles are a reference tool for researchers, policymakers, and small entities who are interested in how small firms are performing regionally or nationally. Note that the profiles generally define small businesses as firms with fewer than 500 employees.