WASHINGTON — The Office of Advocacy, an independent office within the Small Business Administration, released a report entitled Small Business Profiles for the States and Territories, an annual analysis of each state’s small business activities.
“Every year the Office of Advocacy strives to produce a small business snapshot for Indiana’s entrepreneurs and policymakers,” said Christine Kymn, Chief Economist and Director of Economic Research. “We believe today’s report illustrates the importance of Indiana’s small businesses and the vital role they play in Indiana’s economy.”
Some highlights of the profile include:
* Indiana is home to 493,832 small businesses,
* Indiana’s small businesses employ 1.2 million individuals.
* The three industries with the most small business employment include: manufacturing, health care and social assistance; and accommodation and food services
* Small businesses made up 84.9 percent of the Indiana’s exporting companies generating 16.4 percent of the state’s total known export value.