S. Department of Commerce. In 2000, the
S. Department of Commerce. In 2000, the non-farmers proprietors’ share of small business income totaled $68.1 billion and increase of 7.2% over 1999, a remarkable performance indeed.
In June of 1998, the office of Advocacy for the Small Business Administration issued a report entitled; “The New American Evolution -The Role and Impact of Small Firms.” In it they state that in addition to statistics on income and employment, the small business sector contributes mightily in two major ways.
“They are sources of constant experimentation and innovation, they are an integral part of the renewal process that defines market economics” and secondly “by creating opportunities for women, minorities and immigrants, they are an essential mechanism by which millions enter the economic and social mainstream.”
Nowhere is this more evident than in the Houston Metropolitan area.
All of you, sole proprietors, home based business owners, LLC’s and sub-S corporations, retailers, wholesalers, manufactures, importers and exporters, professionals, tradesmen and all others engaged in small business; this is your opportunity, during this period of business malaise, to stand tall with full appreciation for the tremendous contribution you are making to your country, the economy and your employees as well as yourselves.
Never has the small business sector been more important and each of you should take pride in your contribution.
?Ed McMahon?s career includes both the small business and the corporate world.
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