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Small and New Business Development Equals Increased Jobs <br />Small businesses really are vital to our economy and tax base. According to U.S. Small Business <br />Administration research and the U.S. Census: <br />1. Small businesses provide over 53% of all employment in Wisconsin and all of the net new jobs (new <br />jobs minus job losses). <br />2. Small businesses with less than 100 employees make up 97% of firms with employees in Dane County <br />which equal over 13,000 companies. <br />3. New small businesses are the single-largest determinant of (GSP) gross state product, (SP1) state <br />personal income and total state employment. <br />4. Small business provide 50.4% of private sector jobs and generate more than half of U.S. private non - <br />farm gross domestic product (GDP). <br />5. Small firms help lead economic recovery from recession with entrepreneurs bringing new products and <br />services into the economy. <br />6. Wisconsin small firms created all of the net new jobs (new jobs less job losses) in 2004-2005. <br />The SBDC Business AnswerLine and other SBDC services are helping a growing number of Dane County <br />residents start and grow their businesses. I hope that we can continue to work together, long-term, to help <br />Dane County's small business economy continue to grow and provide good quality jobs for our citizens. <br />Thank you very much for your past and continuing support. If you need any additional information, please <br />contact me at 263-0221 or nslemer@wisc.edu. <br />Sincerely, <br />4Neilmer',Director <br />cc: County Executive Kathleen Falk <br />cc: Topf Wells, Chief of Staff <br />3 Page <br />