BBG 101 Lecture Notes - Lecture 17: Small Business
2 Nov 2020
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Document Summary
Immigration act passed in 1990 created a category of investor visas that encourage entrepreneurs to come to the u. s. Enterprise zones specific geographic areas to which governments attract private business investment by offering lower taxes and other government support. Incubators offer new businesses low-cost offices with basic services. Small business independently owned and operated, not dominant in its field of operation and meets certain standards of size. 28 million small bus in the u. s. Of all nonfarm businesses in the u. s. , almost 97% are considered small. Small business account for over 50% of our gdp. Small businesses have generated 65% of new jobs since 1995. About 80% of u. s. workers" first jobs were in small business. The ability to respond quickly to opportunities. Owner closing a business to start another is reported as a failure . Changings forms of ownership is reported as a failure.
