"Estimates show that small businesses contribute 60-80 percent of the net new jobs annually"

This quote by Michael K. Simpson recommends that small companies are a significant contributor to task growth in the United States. According to quotes, small businesses are accountable for producing between 60 and 80 percent of the new jobs that are produced each year. This is a considerable contribution to the economy, as small companies are often the backbone of local neighborhoods. They provide employment opportunities for individuals who might not have access to bigger business, and they often offer goods and services that are important to the local economy. Small businesses also help to develop a more diverse and vibrant economy, as they typically bring originalities and developments to the market. This quote highlights the value of small companies in the economy and their role in developing jobs and stimulating economic growth.