Small businesses in the United States are undeniably the backbone of the economy

Small businesses in the United States are undeniably the backbone of the economy, playing a crucial role in driving innovation, creating jobs, and fostering economic growth. This assertion is supported by various online articles that highlight the significant impact and contributions of small businesses to the nation's economic landscape.

1. Job Creation:

- According to an article by the U.S. Small Business Administration (SBA), small businesses are responsible for creating a substantial portion of new jobs in the country. The article states that between 2000 and 2019, small businesses accounted for nearly two-thirds of net new job creation in the United States[1].

2. Economic Growth and Innovation:

- A report by the National Small Business Association (NSBA) emphasizes the role of small businesses as drivers of economic growth and innovation. The report highlights how small businesses contribute to local economies by fostering creativity, adapting to market changes, and introducing new products and services[2].

3. Local Economic Impact:

- An article published by Forbes underscores the local economic impact of small businesses. It discusses how these enterprises contribute to the vibrancy of communities, creating a domino effect by supporting other local businesses and attracting consumers[3].

4. Resilience During Economic Challenges:

- Nearly half of small business owners (47%) say the economy is in a recession already, with an almost equal percentage (48%) describing the economy as “poor.” That’s according to the CNBC - SurveyMonkey 'Small Business Survey for the first quarter of 2023'.[4].

5. Diversity and Entrepreneurship:

- Small businesses contribute to the diversity of entrepreneurship in the U.S. A publication from the Kauffman Foundation emphasizes how small businesses promote a diverse range of business owners, fostering inclusivity and representing a variety of industries[5].

In conclusion, the evidence from these online articles highlights the integral role played by small businesses in the United States' economy. Their impact extends beyond mere economic metrics, encompassing job creation, innovation, community development, and resilience during economic uncertainties. Recognizing and supporting small businesses is not just an economic necessity but also a strategic investment in the nation's future prosperity.

[1]: [SBA - Small Business Facts](https://www.sba.gov/sites/default/files/advocacy/2020-Small-Business-Economic-Profile-US.pdf)

[2]: [NSBA - The Economic Contributions of Small Businesses](https://nsba.biz/wp-content/uploads/2019/05/Small-Business-Economic-Report-WEB.pdf)

[3]: [Forbes - The Importance Of Small Business In Local Communities](https://www.forbes.com/sites/theyec/2017/02/17/the-importance-of-small-business-in-local-communities/?sh=5160576b3b52)

[4]: [CNBC - The gap between Main Street and Wall Street over the economy,...](https://www.cnbc.com/2020/10/14/how-small-businesses-can-thrive-during-economic-uncertainty.html)

[5]: [Kauffman Foundation - Racial Equity, Diversity, and Inclusion](https://www.kauffman.org/research/entrepreneurship-and-diversity)