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

Missouri’s Jontay Porter has re-torn ACL, report says

first_imgPorter is the younger brother of Nuggets forward Michael Porter Jr., who is expected to miss his entire rookie season this year due to a lower-back injury.The youngest Porter’s health could affect his draft stock, so it’s unclear how this development will change his future in basketball. Jontay Porter had an unfortunate accident in Denver on Saturday.The Missouri big man missed the entire 2018-19 season with an ACL injury and has now re-torn it, according to a report from The Kansas City Star. The report states Porter was in Denver for rehab, but his injury occured when he was working out on the court. He has been projected to be a first-round pick should he enter the 2019 draft.The 6-10 big man averaged 9.9 points per game in 2017-18 as a freshman. He helped lead the Tigers to their first NCAA tournament appearance in five years that season, but tore ligaments in his right leg during a scrimmage before his sophomore season.Missouri finished 15-17 without its star in 2018-19.last_img read more