I haven’t checked their methodology, but I’m not surprised by the numbers in this report from the American Small Business League:
According to the U.S. Census Bureau, 98% of all U.S. firms have less than 100 employees. Approximately 25 million firms fall into that category. These firms employ over 55% of the private sector workforce and are responsible for over 95% of all new jobs created in America. (www.asbl.com)
The American Small Business League (ASBL) has found of the
$2.7 trillion
$21 billion
The remainder of the funds that were allocated to businesses wound up in the hands of the top 1% of U.S. firms.
As I often say, when you give power and money to government, you are giving power and money to whoever has the best lobbyist–and that’s not Mom n Pop.
