February 15, 2017
Small businesses present a strong community-building and economy-driving force in any nation. Furthermore, countries that created the most business-friendly regulatory environments for setting up and running a business, are some of the most prosperous. While the US has something to learn from New Zealand, Singapore and Denmark in that regard, the small business ecosystem in the US is a massive industry and represents 99.7% of all US businesses.
Source: U.S. Small Business Profile, 2016 by SBA Office of Advocacy
According to the U.S. Small Business Administration: