A.
Small business firms can create employment, as the Census Bureau’s Business Dynamics Statistics show that firms created 70.5 million jobs in their first year of existence between 1977 and 2000, and by the time the firms were five years old they still retained 57 million jobs.
B.
Evidence shows that, despite the belief that small business firms have short life spans, they can have a significant impact on employment with the Census Bureau’s statistics showing that between 1977 and 2000, small firms created 70.5 million jobs in their first year of existence.
C.
Despite having short life spans, small business firms create and sustain employment. A study by the Census Bureau’s Business Dynamics Statistics states that small firms “created 70.5 million jobs in their first year of existence between 1977 and 2000; 57 million jobs remained by the time those firms reached their fifth birthday. ” (p.7).
D.
“The typical life cycle of small firms promotes the idea that they close a few years after opening, but evidence gathered by the Census Bureau’s Business Dynamics Statistics (BDS) shows that firms created 70.5 million jobs in their first year of existence between 1977 and 2000, with 57 million jobs still in existence by the time the firms reached their fifth birthday. ”