Small Business Data

Council of Economic Advisers

Year	Expert?	Name	Field of Expert	CEA Size	Percent	Grade
1979	0	-	-	13	0.00%	F
1980	0	-	-	15	0.00%	F
1981	0	-	-	16	0.00%	F
1982	0	-	-	15	0.00%	F
1983	0	-	-	15	0.00%	F
1984	0	-	-	12	0.00%	F
1985	0	-	-	14	0.00%	F
1986	0	-	-	15	0.00%	F	*junior staff with IO and Finance Darrel L. Williams
1987	0	-	-	12	0.00%	F	*junior staff with IO, Regulation and Finance Randall S. Kroszner
1988	0	-	-	13	0.00%	F
1989	0	-	-	13	0.00%	F
1990	1	Adam B. Jaffe	Regulation, Energy, and R&D	13	7.69%	A
1991	0	-	-		0.00%	F
1992	0	Andrew S. Joskow	Regulation, Energy, and Industrial Organization	13	0.00%	B
1993	0	Jonathan B. Baker	Regulation, Industrial Organization, and Law	16	0.00%	B
1994	0	Jonathan B. Baker	Regulation, Industrial Organization, and Law	15	0.00%	B
1995	0	Marius Schwartz	Regulation, Industrial Organization, and Antitrust	15	0.00%	B
1996	0	Timothy J. Brennan	Regulation, Industrial Organization, and Antitrust	13	0.00%	B
1997	0	Aaron S. Edlin	Regulation, Industrial Organization, and Antitrust	13	0.00%	B
1998	0	Howard A. Shelanski	Regulation, Industrial Organization, and Antitrust	11	0.00%	B
1999	0	William H. Gillespie	Industrial Organization	12	0.00%	B
2000	0	Peter G. Klein	Industrial Organization	11	0.00%	B
2001	0	-	-	11	0.00%	F
2002	0	Cindy R. Alexander	Industrial Organization, Corporate Finance, and Regulation	11	0.00%	B
2003	0	-	-	11	0.00%	F
2004	0	-	-	11	0.00%	F
2005	0	-	-	12	0.00%	F
2006	0	Kristin McCue	Labor, Small Business, and Economic Development	11	0.00%	B
2007	0	John Stevens	Macroeconomics, Labor, Small Business	11	0.00%	B
2008	0	-	-	11	0.00%	F
2009	0	-	-	9	0.00%	F
2010	1	Ronnie Chatterji	Entrepreneurship and Innovation	10	10.00%	A
2011	2	Lee G. Bransetter; Lisa D. Cook	International Trade and Investment, Innovation, and Manufacturing; International Finance, Entrepreneurship, Innovation and Development	11	18.18%	A
2012	1	Susan Helper	Manufacturing, Innovation, Small Business	11	9.09%	A
2013	0	David Balan	Industrial Organization, Technology, Health	12	0.00%	B
2014	1	Timothy Simcoe	Innovation, Technology, Industrial Organization	11	9.09%	A
2015	1	Robert C. Seamans	Innovation, Technology, Industrial Organization	11	9.09%	A
2016	1	Victor Bennet	Innovation, Technology, Industrial Organization	13	7.69%	A

Small Business Portion of GDP

	1998		1999		2000		2001		2002		2003		2004
Private NonFarm GDP	Dollars	Percent	Dollars	Percent	Dollars	Percent	Dollars	Percent	Dollars	Percent	Dollars	Percent	Dollars	Percent
Small Business GDP	3,578,026	50.50%	3836070	50.50%	4,068,879	50.30%	4,190,264	50.30%	4,139,771	48.30%	4,299,941	48.10%	4,522,139	47.50%
Compensation	1,951,708	48.30%	2076019	47.70%	2,231,086	47.20%	2,287,128	46.90%	2,334,808	47.30%	2,410,676	47.00%	2,520,466	46.90%
Nonlabor Components	1,626,318	53.40%	1760051	54.30%	1,837,793	54.80%	1,903,136	55.00%	1,804,963	49.50%	1,889,265	49.50%	2,001,673	48.30%
Large Business GDP	3,506,662	49.50%	3757240	49.50%	4,016,765	49.70%	4,143,305	49.70%	4,439,604	51.70%	4,646,881	51.90%	4,998,306	52.50%
Compensation	2,089,914	51.70%	2276711	52.30%	2,498,680	52.80%	2,586,543	53.10%	2,599,265	52.70%	2,719,761	53.00%	2,852,510	53.10%
Nonlabor Components	1,416,748	46.60%	1480529	45.70%	1,518,085	45.20%	1,556,762	45.00%	1,840,339	50.50%	1,927,120	50.50%	2,145,796	51.70%
	2005		2006		2007		2008		2009		2010
Private NonFarm GDP	Dollars	Percent	Dollars	Percent	Dollars	Percent	Dollars	Percent	Dollars	Percent	Dollars	Percent
Small Business GDP	4,698,197	46.30%	4,948,040	46.10%	5,182,230	46.20%	5,217,082	45.80%	5,080,329	46.00%	5,210,469	44.60%
Compensation	2,650,841	46.70%	2,788,759	46.30%	2,902,857	45.90%	2,951,310	45.70%	2,772,211	45.20%	2,809,979	44.80%
Nonlabor Components	2,047,356	45.90%	2159281	45.90%	2,279,373	46.60%	2,265,772	46.00%	2,308,118	47.00%	2,400,490	44.40%
Large Business GDP	5,443,589	53.70%	5,781,123	53.90%	6,025,888	53.80%	6,165,202	54.20%	5,971,081	54.00%	6,465,158	55.40%
Compensation	3,029,170	53.30%	3,234,894	53.70%	3,418,722	54.10%	3,505,231	54.30%	3,365,906	54.80%	3,455,528	55.20%
Nonlabor Components	2,414,419	54.10%	2,546,229	54.10%	2,607,166	53.40%	2,659,971	54.00%	2,605,175	53.00%	3,009,630	55.60%

Survey Respondents on Small Business Issues

Survey	Date	Labor Markets	Capital	Sales	General Outlook	Data
SBET February 2016	February 2016	42% of businesses in the survey report few or no qualified applicants for a position that they were trying to fill	4% of small business owners surveyed reported that company borrowing needs were not met	11% cite weak sales as their principal business problem	Spending and hiring plans fell as expectations for growth in real sales volumes declined	(N=2194, Data was obtained from membership files of the NFIB)
Small Business Owner report	Fall 2015	67% planned to hire 12+ employees within 2015	46% of small businesses surveyed cite credit availability as their primary concern	28% of businesses say they will use recently acquired funding to develop a new product or service within the next year	56% say they expect the US economy to improve within the next 12 months 72% of small businesses expect their revenue to increase for the year	(N=1,001 small business owners in the US with annual revenue $100,000<x<$4,999,999 and employing between 2<x<99 employees)
WellsFargo survey	January 2016	26% of small businesses expect to hire in Q1 2016 66% of businesses expect the number of jobs to stay the same 11% of businesses say that hiring and retaining qualified staff is their most pressing problem	19% of businesses responded that obtaining credit was difficult 5% of say cash flow and financial stability as the company's biggest problem 4% of businesses surveyed speculate credit availability may be prohibiting company growth	14% experienced difficulty attracting customers in Q1 2016 38% of businesses surveyed stated a positive revenue increase in Q1 2016	67% of small businesses regard their financial situation as good or very good in Q1 2016 71% expect a positive financial future within the next 12 months 8% of small businesses say that the economy is the principal problem their business is facing	(N=600 small business owners in Q1 2016)
WSJ survey	January 2016	54% of businesses surveyed said they expect firm size to increase	40% of businesses reported that they expect their firm's fixed investment expenditures to increase during the next 12 mo.	73% report an expected sales increase within the year 54% of firms expect their profitability to improve	Investments in new plant and equipment have fallen to their lowest level in more than two years 20% of firms expect the economy to worsen in the year ahead—the highest level in more than two years.
NY Fed Survey	2014	27% of businesses reported an increase in their full time staff 15% reported a decrease in their full time staff 58% of respondents reported no change in their employee base	23% of businesses reported 10-25K of debt 62% of businesses had applied for <100K of financing 41% responded they'd sought financing from a large regional bank	35% of respondents reported increasing revenues and positive profitability 23% of businesses said they'd experienced difficulty in attracting customers	29% of businesses reported personal savings as their primary financing source 29% of businesses operated at a loss 13% of respondents said the increasing costs of running their business was their principal concern	10 states of coverage: Alabama, Connecticut, Florida, Georgia, Louisiana, New Jersey, New York, Ohio, Pennsylvania, and Tennessee with businesses <500.

Small Business Data Sets

Name	Link	Description	Data Summary
Dynamic Small Business Search	http://dsbs.sba.gov/dsbs/search/dsp_dsbs.cfm	The Small Business Administration maintains the Dynamic Small Business Search (DSBS) database. As a small business registers in the System for Award Management, there is an opportunity to fill out the small business profile. The information provided populates DSBS. DSBS is another tool contracting officers use to identify potential small business contractors for upcoming contracting opportunities. Small businesses can also use DSBS to identify other small businesses for teaming and joint venturing.
Office of Advocacy News	https://www.sba.gov/advocacy	The News Update File is an xml news update file to inform the public about recent regulatory alerts, Advocacy small business statistics reports, Advocacy small business research reports, and Advocacy regulatory comment letters.
State Licenses & Permits		Identifies the specific licenses or permits a business may need depending on the type of business, its location, and applicable government rules.
FDIC	https://www5.fdic.gov/qbp/index.asp	Private sector loans to small businesses
World Bank	http://www.doingbusiness.org	The World Bank’s Doing Business series, dating to 2001, is an annual compendium and international ranking of regulatory measures impacting small business, such as the number of days it takes to legally register a business. Different aspects appear each year.	Doing Business offers economic data from 2003 to the present. The data is presented in a variety of ways useful to researchers, policy makers, journalists and others
Kauffman Foundation	http://www.kauffman.org/section.aspx?id=research_and_policy	Studies and data on small business and entrepreneurship
Warrington College of Business	https://site.warrington.ufl.edu/ritter/ipo-data/	IPO data	Up to date information on IPO's including: Underpricing, tech stocks, age, price revisions, sales, underwriting, foreign, long run returns, VC-backed IPOs from late 1900s - 2015
Bureau of Labor Statistics	http://www.bls.gov/bdm/	Highlights from data series produced by BLS Business Employment Dynamics (BED) program provide some insights on the contribution of new and small businesses to the number of businesses and jobs in the economy.	Set of statistics generated from the Quarterly Census of Employment and Wages program. These quarterly data series consist of gross job gains and gross job losses statistics from 1992 forward.
Federal Procurement Data System	https://www.fpds.gov/fpdsng_cms/index.php/en/reports	A Department level report that displays Small Business data for a specified date range by Funding/Contracting Agency.	This report displays the dollars, actions, and percentages for small business contracts in FY 2016 and goes back all the way to FY 1981
PayNet small Business Lending Index	http://www.paynetonline.com/issues-and-solutions/all-paynet-products/small-business-lending-index-sbli/	PayNet specializes in loan data and has a database which includes information on more than 20 million loans and leases. For these indexes, PayNet uses the data from US companies which have less than $1 million in total outstanding loans.	The Small Business Lending Index (SBLI) measure the volume of small business loans issued over the past 30 days and are based on the most recent data from the largest commercial and industrial lenders in PayNet's U.S. database, including both loans and leases.
Paychex	http://www.paychex.com/jobs-index/index.aspx	Paychex tracks changes in the employment levels of 350K small businesses with <50 employees	The data for the jobs index comes from a subset of the Paychex client base, approximately 350,000 businesses with less than 50 workers in the U.S
ADP small business report	http://www.adpemploymentreport.com/2015/March/SBS/SBS-NER-March-2015.aspx	The ADP Small Business Report provides the number of jobs created or lost by company size (1-19 employees, 20-49) and sector (goods or services). A seperate report details job gains and losses for national franchises.	The ADP National Employment Report® is published monthly by the ADP Research Institute® in close collaboration with Moody’s Analytics and its experienced team of labor market researchers. The ADP National Employment Report provides a monthly snapshot of U.S. nonfarm private sector employment based on actual transactional payroll data.
Intuit Small Business Index	http://www.intuit.com/company/press-room/press-releases/2015/Small-Business-Employment-Remained-Stagnant-in-October1/	The index measures compensation, hours worked, and revenue for companies with <20 employees	The Employment Index is based on anonymized, non-identifiable aggregated data from 271,750 small business employers, a subset of users of Intuit Online Payroll and QuickBooks Online. The Revenue Index is based on anonymized, non-identifiable aggregated data from 240,000 small businesses, a subset of users of Intuit’s QuickBooks Online with industry identification from Dun & Bradstreet.
Statistic Brain	http://www.statisticbrain.com/startup-failure-by-industry/	Startup Business Failure rates by industry
The National Venture Capital Association Yearbook	http://nvca.org/research/stats-studies/	Details the state of the venture capital market in a given year	Primary data sources included:SEC filings that are regularly monitored by Thomson Reuters’ research staff, Surveys of the industry routinely conducted by Thomson Reuters, and Verified industry press and press releases from venture firms.
NFIB Small Business Report	http://www.nfib.com/surveys/small-business-economic-trends/	Measures economic trends in small businesses	The NFIB Research Foundation has collected Small Business Economic Trends data with quarterly surveys since the 4th quarter of 1973 and monthly surveys since 1986. Survey respondents are drawn from NFIB’s membership. The report is released on the second Tuesday of each month. This survey was conducted in March 2016.
Medical Expenditure Panel Survey	http://meps.ahrq.gov/mepsweb/	A set of large-scale surveys of families and individuals, their medical providers, and employers across the United States. MEPS is the most complete source of data on the cost and use of health care and health insurance coverage	The Household Component data are based on questionnaires fielded to individual household members and their medical providers. The Insurance Component estimates come from a survey of employers conducted to collect health insurance plan information
SBA Lenders	https://www.sba.gov/lenders-top-100	SBA lending data	Table displaying the 100 most active SBA 7a lenders in the US by lending volume in FY 2016 through Q2
Kaiser Family Foundation	http://kff.org/health-costs/report/2015-employer-health-benefits-survey/	Annual Survey of employers providing a detailed look at trends in employer-sponsored health coverage	The 2015 survey included almost 2,000 interviews with non-federal public and private firms.
Federal Reserve	http://www.federalreserve.gov/communitydev/small-businesses-data-analysis.htm	Many Reserve Banks monitor trends and credit market conditions for small and new businesses. The polling efforts of the Federal Reserve Banks of New York and Atlanta are two examples of System work to better understand small business trends	The SBCS captures the perspectives of businesses with fewer than 500 employees in New York, New Jersey, Connecticut, and Pennsylvania. There were 835 responses to the survey fielded from April 3, 2014 to June 20, 2014. The Atlanta Fed conducted the first-quarter 2014 survey during the first four weeks of April. The survey was completed by 562 respondents
Entrepeneur.com report	https://www.entrepreneur.com/page/216022	Comprehensive statistics on small business trends in the United States for various years
United States Census Bureau	https://www.census.gov/econ/sbo/getdata.html	Statistics for Owner's of Small businesses in 2012	1.75 million businesses were selected for the survey. Survey included are all nonfarm businesses filing Internal Revenue Service tax forms as individual proprietorships, partnerships, or any type of corporation, and with receipts of $1,000 or more.
Small Business Dashboard	http://smallbusiness.data.gov/	Information on small business contracting activities	ncludes procurement contract transactions reported directly through the contract writing systems of approximately 65 U.S. Government, Executive Branch, departments, bureaus, agencies, and commissions Data spans contract transactions from FY 2000 onwards SmallBusinessDashboard.gov is updated with FPDS-NG data on a daily basis
411 Small Business Facts	http://www.411sbfacts.com/	Sortable database of over 60 separate small business surveys	411SmallBusinessFacts.com is a searchable data base of approximately 2,000 facts about American small businesses and their owners (or managers) produced by the NFIB Research Foundation. The Foundation developed this information from telephone surveys of small employers – those employing from one person in addition to the owner(s) to 250. Data collection began in 2001 and continues through the present.
Survey of Minority Owned Businesses	http://www.mbda.gov/sites/default/files/2012SBO_MBEFactSheet020216.pdf	Data set attempting to give a comprehensive outlook to the state of minority business enterprises in the US	Minority owned business fact sheet created in January 2016
NASE	http://www.nase.org/	A trade association that provides day-to-day support for micro-businesses, including direct access to experts, benefits, and consolidated buying power that is traditionally only available to large corporations. The association is the largest nonprofit, nonpartisan association of its kind in the United States.	Presents statistics and facts on self employed members of the US economy from the 1990's to the late 2000s
Federal Reserve board	https://www.federalreserve.gov/pubs/oss/oss3/nssbftoc.htm	Federal reserve board survey of small business finances	Balance sheets of the firm are some examples of the types of information collected. Working papers and methodology reports, codebooks and other related documentation, and the full public data sets are available here for the 2003, 1998, 1993, and 1987 SSBFs