The State of Georgia Small Business 2011
Table of Contents GEORGIA SMALL BUSINESS FACTS Georgia Small Businesses...3 Women-Owned Businesses...3 Minority-Owned Businesses...3 Firms and Employment in Georgia...3 Employment Size...4 Georgia Business Rankings (2010-2011)...4 High-Tech Businesses...4 High-Tech Industry Breakdown...4 Manufacturing Businesses...5 Overview of Manufacturing in Georgia...5 Net Jobs Change by Firm Size...5
Georgia Small Business Facts Georgia Small Businesses In 2008, Small Businesses accounted for 45.7% of all private-sector jobs. Small businesses totaled 907,068 in the state in 2008. Of these, 175,574 were employers. Source: Georgia small Business profile, February 2011; U.S. Small Business Administration Women-Owned Businesses In Georgia, the total number of women-owned businesses was 278,250 according to a U.S. Economic Census study conducted in 2007. Of these, 30,280 (10.9%) were employers. In Georgia, women-owned businesses generated an estimated $40 billion in revenue in 2007. Source: U.S. Census Bureau, 2007 Survey of Business Owners Minority-Owned Businesses Georgia had an estimated 263,439 minority-owned firms, according to a U.S. Economic Census study (2007). Of these, approximately 180,000 were operated by African Americans. This total represented a 103% increase over five years. Approximately 27% (263,439) of all firms in the state are minority run. Of these, 26,420 had employees. 2011 State of Georgia Small Business In 2007, the total number of employees working for minority-owned businesses was 170,192. Minorityowned businesses accounted for more than $30 billion in sales for 2007. Source: U.S. Census Bureau, 2007 Survey of Business Owners Firms and Employment in Georgia by Industry and Firm Size Industry Small Businesses % of Small Total (<500 Employees Businesses Agriculture, Forestry & Fishing 9,818 9,792 99.74% Mining 396 395 99.75% Construction 30,894 30,836 99.81% Manufacturing 14,132 13,937 98.69% Transportation 16,825 16,737 99.48% Wholesale/Distributors 22,538 22,350 99.17% Retail Trade 85,033 84,848 99.78% Finance, Insurance, and Real Estate 39,253 38,708 98.61% Services 197,437 190,992 96.74% All Other Industries 19,738 19,601 99.31% Georgia Small Business Development Center Network: Office of Applied Research May 2011 3
Employment Size of Enterprises in All Georgia Industries Number of Percent of Employment Size Firms Total Firms 1-4 Employees 261,406 65.5% 5-9 Employees 65,907 16.5% 10-19 Employees 36,629 9.2% 20-99 Employees 30,404 7.6% 100-499 Employees 4,531 1.1% 500+ Employees 501 0.1% All Firms 399,378 100% Source: ReferenceUSA High-Tech Businesses Georgia 2010-2011 Business Rankings #1 Entrepreneurial Activity Kauffman/ITIF 11/10 #1 Workforce Development Area Development 2010 #2 Workforce Leader Training Business Facilities 2010 #2 African American-Owned Businesses United States Census 2010 #6 Best State for Business Forbes 2010 2011 State of Georgia Small Business In Georgia, 51 of every 1,000 private sector employees are working for high-tech firms, according to a 2010 TechAmerica Cyberstates study. Georgia ranks 11th in the United States in terms of high-tech employment. Source: TechAmerica Cyberstates 2010 High-Tech Industry Breakdown Number of Employees #6 Business Friendly Legislation Forbes 2010 #10 Women-Owned Businesses CWBR 2009 Percent of Total Employees Telecommunications 50,520 20.6% Biosciences 18,023 7.4% E-commerce 1,777 0.7% High-Tech Equipment 48,768 19.9% Internet, Multimedia, and Search Portals 13,868 5.7% Software and IT 65,463 26.7% Other 46,350 18.9% Total 244,769 100% Source: TechAmerica Cyberstates 2010 Georgia Small Business Development Center Network: Office of Applied Research May 2011 4
Manufacturing Businesses Manufacturing in Georgia contributes to almost 11% of Georgia s gross domestic product (GDP). In 2009, Georgia exported more than $23.8 billion in manufactured goods to the rest of the world. About one out of ten working Georgians is employed in the manufacturing sector. Source: Georgia.org Overview of Manufacturing in Georgia by Business Type 2011 State of Georgia Small Business Total Establishments Total Employees Sales ($Millions) Manufacturing Totals 15,430 427,418 $33,445 Food 787 55,255 $3,824 Tobacco 27 357 $31 Textiles 434 40,550 $2,804 Apparel 371 12,454 $897 Lumber 895 18,677 $1,744 Furniture 271 9,813 $820 Paper 422 27,787 $1,867 Printing & Publishing 3,199 48,002 $3,403 Chemicals 636 18,880 $1,900 Petroleum Products 138 3,045 $430 Rubber & Plastic Products 368 16,161 $1,187 Leather Products 25 388 $31 Stone, Clay & Glass 653 15,109 $1,315 Primary Metal Industries 206 7,036 $539 Fabricated Metal Products 1,408 28,115 $2,428 Machinery (not electrical) 2,066 38,048 $3,479 Electronic Machinery 619 22,038 $1,706 Transportation Equipment 396 21,843 $1,513 Instruments 578 24,145 $1,795 Other Manufacturing 1,931 19,715 $1,731 Source: Nielsen Claritas Net Job Change by Firm Size, 2004-2008 Employment Size of Firm Self-Employed 2-9 10-99 100-499 500+ Total 2004-2005 43,425 143,772 33,490-6,630-16,972 197,085 2005-2006 10,943 66,951 25,318 6,116-29,465 79,863 2006-2007 25,420 84,302 9,956-20,587-16,004 83,087 2007-2008 45,061 124,834-4,703-13,397-15,059 136,736 Source: Edward Lowe Foundation Georgia Small Business Development Center Network: Office of Applied Research May 2011 5
Prepared by the Georgia Small Business Developmet Center Network Department of Applied Research May 2011