2017 Small Business Report

Washington’s economy is supported by small businesses, and it was small business that pulled the state through difficult economic times. According to the Brookings Institution, the nation’s small business sector is one of the great strengths of the U.S. economy, historically accounting for 64 percent of net new jobs. New and young small businesses have generated 40 million jobs in the past 25 years, representing 20 percent of gross job creation.