Small business employs more than 60 percent of Vermont’s workers

first_imgWyoming66.2% WASHINGTON, D.C. Vermont’s economic recovery will depend on small business. That message is driven home in the newly updated Vermont Small Business Profile released today by the Office of Advocacy of the U.S. Small Business Administration. The most recent data show that the state has 18,937 small employers, and they employ 63.5% of the state s workforce, the third highest percentage in the country. Vermont depends on small business for jobs and economic growth, said Shawne McGibbon, Acting Chief Counsel for Advocacy. During this time of financial stress and economic instability, policymakers need to remember that the state s small businesses provide the economic base for its families and communities.To further highlight the importance of small business, the updated profile notes that small businesses created 51.7% of the state’s net new jobs from 2004 to 2005 (latest available data).Not only does the state s economy depend on the health of its small businesses, so too does the economy of the United States.The US has slightly more than 6 million small employers, or 99.7% of all employer firms, and they provide 50.4% of its private sector employment. These firms created 78.9% of the nation s net new jobs from 2004 to 2005, and they generated more than half of the private non-farm gross domestic product.The Office of Advocacy, the small business watchdog of the federal government, examines the role and status of small business in the economy and independently represents the views of small business to federal agencies, Congress, and the President. It is the source for small business statistics presented in user-friendly formats, and it funds research into small business issues.For more information and a complete copy of state and territory small business profiles, visit the Office of Advocacy website at www.sba.gov/advo(link is external).The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. The presidentially appointed Chief Counsel for Advocacy advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policymakers. For more information, visit www.sba.gov/advo(link is external), or call (202) 205-6533.State% Workforce Employed by Small BusinessesState% Workforce Employed by Small BusinessesAlabama49.7%Missouri49.7%Alaska55.6%Montana69.8% Arizona48.8%Nebraska51.4%Arkansas48.8%Nevada44.2% California52.1%New Hampshire54.9% Colorado51.7%New Jersey  51.1% Connecticut49.6%New Mexico57.0% Delaware48.3%New York51.7%  District of Columbia48.2%North Carolina48.6%  Florida44.0%North Dakota63.3% Georgia46.3%Ohio48.6%Hawaii56.1%Oklahoma54.0% Idaho58.6%Oregon57.2%Illinois49.2%Pennsylvania 49.9%Indiana48.6%Rhode Island57.1%Iowa   51.6%South Carolina50.0% Kansas 54.6%South Dakota 63.2% Kentucky50.0%Tennessee45.1%Louisiana54.1%Texas46.8%Maine60.6%Utah49.9% Maryland53.4%Vermont63.5%Massachusetts48.3%Virginia49.4% Michigan51.6%Washington 55.7% Minnesota51.0%  West Virginia 54.3% Mississippi50.1%Wisconsin    53.4%last_img read more

NBA: LeBron James Claims First Lakers Victory

first_imgLeBron James Lance Stephenson led the Lakers with 23 points off the bench in Phoenix.The visitors were without Rajon Rondo and Brandon Ingram, who are serving bans for their part in a brawl during defeat by the Houston Rockets on Sunday.Devin Booker hit 23 points for the Suns before exiting in the third quarter with a sore hamstring, while 2018’s number one overall draft pick Deandre Ayton had 22.Elsewhere, Stephen Curry scored 51 points in three quarters, including 11 three-pointers, as defending champions the Golden State Warriors beat the Washington Wizards 144-122.The two-time MVP, 30, finished three points short of his career high of 54 and three three-pointers short of breaking his NBA record of 13 made in a single game as he did not enter for the fourth quarter.His 51 points is the most by an NBA player this season, surpassing Detroit Pistons power forward Blake Griffin’s 50 in their victory over the Philadelphia 76ers on Tuesday, while Curry also moved above Suns guard Jamal Crawford into fifth on the league’s all-time three-pointers made list, with 2,162.The Rockets, who lost to the Warriors in last year’s Western Conference finals, fell to their third defeat in four games as they were beaten 100-89 at home by the Utah Jazz.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram LeBron James claimed his first NBA win for the Los Angeles Lakers with a 131-113 victory over the Phoenix Suns late Wednesday night.The three-time NBA champion put up 19 points, 10 assists and seven rebounds before sitting out the fourth quarter, with the Lakers 20 points ahead.It follows three straight defeats for the Lakers to start the season after James, 33, joined from the Cleveland Cavaliers in the summer.last_img read more