According to the U.S. Small Business Administration, small businesses account for 64 percent of net private-sector jobs created since 2005. Collectively, small enterprises employ around 60 million Americans, which represents nearly half of the private workforce in the U.S.
The analysis found that in the Tullahoma-Manchester metropolitan area, 14,607 workers are employed at small businesses, which amounts to 46.09% of all Tullahoma-Manchester workers. Here is a summary of the data for the Tullahoma-Manchester, TN metro area:
- Percentage of employees at small businesses: 46.09%
- Total number of small business employees: 14,607
- Total number of small businesses: 1,540
- Percentage of total payroll paid by small businesses: 39.35%
- Total small business payroll per employee: $35,040
- Total large-firm payroll per employee: $46,181