Small Business

Small Business Definition

From SBA's "Am I A Small Business?":
The SBA, for most industries, defines a "small business" either in terms of the average number of employees over the past 12 months, or average annual receipts over the past three years. In addition, SBA defines a U.S. small business as a concern that:
  • Is organized for profit
  • Has a place of business in the US
  • Operates primarily within the U.S. or makes a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor
  • Is independently owned and operated
  • Is not dominant in its field on a national basis
The business may be a sole proprietorship, partnership, corporation, or any other legal form. In determining what constitutes a small business, the definition will vary to reflect industry differences, such as size standards.

Small Business Statistics

See more on stats and economic data on the Chamberpedia page for Business Reference Resources.

Small Business Toolkits

Small Business Saturday Resources

General Small Business Resources


Small Business Samples

Chamber Small Business Resources and Services

Small Business Hiring

Convention & Seminar Resources

Videos, Webinars & ACCE U Resources

Related Topics

Chamberpedia Home | Economic and Community Development | Small Business

Last Updated: 11/20/2017