Small Business Data

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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

Firm Births & Deaths

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%

Big Data for Small Business

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

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