New Report Analyzes Small Businesses in Vermont - FOX44 - Burlington / Plattsburgh News, Weather & Sports

New Report Analyzes Small Businesses in Vermont

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WASHINGTON -

A new report released from the U.S. Small Business Administration Office of Advocacy analyzed small businesses in Vermont and across the country. 

According to a press release, small businesses in Vermont employed 157,720 workers in 2010, with most businesses employing between 20 and 499 employees. 76% of Vermont businesses had no employees.

"Like many states across the nation, small businesses are helping to strengthen the economy in Vermont," said Dr. Winslow Sargeant, Chief Counsel for Advocacy. "Most of the country's small businesses continue to be very small, having fewer than 20 employees, but they paint a big picture of a recovering America. Advocacy's analysis gives us a clear understanding of just how important small businesses are in Vermont."

The number of self-employed workers also improved in Vermont by 3.1%.

Latest unemployment numbers are from December 2012 where the unemployment rate was 5.1%.

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