|Small Business Profiles for the States
The Office of Advocacy, an independent office within the U.S. Small Business Administration, released the 2021 Small Business Profiles for the States. Each year, Advocacy’s Office of Economic Research gathers the most recent government economic data to construct in-depth, user-friendly snapshots of each state’s small business employment, industry, and business owner demographic statistics. The profiles gather the latest federal economic data into state-by-state snapshots of small business health and economic activity. This year’s profiles focus on state small business dynamics and employment.
The 2021 Small Business Profiles show the United States is home to 32.5 million small businesses employing 46.8% of the private workforce. Connecticut is home to 355,596 small businesses which makes up 99.4 percent of all Connecticut businesses.
The 2021 Connecticut Small Business Profile highlights:
- Business Dynamics
- Small Business Loans
- Small Business Count by Size & Industry
- Small Business Exports Business Ownership by Demographic Group
- Total Connecticut Employments
The profiles cover the United States, the 50 states, and the District of Columbia. Although the profiles use the latest releases from the primary federal sources of small business data, because of lags in the release of those data, the data analyzed predate the COVID-19 pandemic. Information about the impacts of the pandemic on small businesses is available at the Office of Advocacy pandemic webpage.