Room to Grow: Economic Trouble for Small Businesses | Your Money Guide | Reader’s Digest
Small businesses created more than 60 percent of all new jobs in the past decade; today, about half of all private-sector jobs in the United States are at small companies like Moore’s. They generate more medical and technological patents per employee than big corporations, and history shows that they’re the first to begin hiring at the end of a recession. In short, small business has long fueled our country’s growth and expansion. But that’s the insidious trap of the current credit crunch — it’s threatening to squelch American innovation, which could hold the key to our recovery.
via Room to Grow: Economic Trouble for Small Businesses | Your Money Guide | Reader’s Digest.
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