Small Businesses Are Huge in OK
Small business is big business in Oklahoma
BY LAURIE WINSLOW World Staff Writer
Wednesday, March 06, 2013
Small businesses have a big impact on Oklahoma, representing 97 percent of all employers, and are crucial to the fiscal condition of the state, according to data from the U.S. Small Business Administration Office of Advocacy.
In its “Small Business Profile for the States and Territories,” the SBA analyzes each state’s small businesses. It found that small businesses with fewer than 500 workers represented all of the net new jobs in Oklahoma from 2007 to 2010 when the economy was weak.
“This is a striking statistic that reflects the importance of entrepreneurship in Oklahoma,” said Dottie Overal, Oklahoma SBA district director, in a written statement. “Without small business, Oklahoma would have been dead in the water when it comes to job growth.”