Small Business Are Having A Bigger Impact On Job Creation Than Large Corporations

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Developing a more inclusive job creation strategy will be an important political issue in 2019 and 2020. There are several reasons for this. First, the rest of the world is building its capabilities to commercialize new technologies and innovations. This has always been America’s competitive advantage, but over the last decade, competitor nations have invested heavily in life sciences, artificial intelligence and other emerging technologies.

The glass architecture of the National Security Sciences Building at Los Alamos National Laboratory is a great reflector of the coming weather. The Laboratory is well-known for its role in creating the atomic bomb, which was tested at the Trinity Site in White Sands, New Mexico, then dropped on Hiroshima and Nagasaki, Japan to help end World War II. This particular building on the Laboratory grounds houses research archives.

The CRS study calls these growing startups “high impact”. High-impact businesses are defined as “having sales that have doubled over the most recent four-year period and have an employment growth quantifier of two of more over the same time period”. While high-impact startups account for only 5-6% of all businesses with employees, they seem to account for “almost all [net] job creation in the economy”.

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Small Business Are Having A Bigger Impact On Job Creation Than Large CorporationsHigh impact small businesses and startups are creating new jobs in the American economy. Early-stage startups and large companies not as much. Our job-creation strategies must reflect that. Come here and ride me
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