"We’ve all heard about the importance of small businesses to the U.S. economy, but have you ever wondered what “small” means? Is it a business with a few employees, or is it based on sales? Is it based on an entire company, or each of its separate locations?
The Small Business Administration (SBA) defines a small business as a “business concernwith less than 500 employees or less than $7.5 million in annual receipts.” While this SBA standard is essential for specific purposes, it is not necessarily the only way to define “small.”
Fortunately, the Census Bureau publishes detailed statistics that allow us to classify business size in a variety of ways and for a variety of purposes. For example, the Economic Census, County Business Patterns, and the statistics of US Businesses produce data on establishment and firm size with respect to employment and sales for detailed industries and at the National, State, and local area levels. These data sources provide detailed breakouts that allow users to build their own totals using their own size definitions..."Small business
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