A recent study by the US Small Business Administration (SBA) Office of Advocacy highlights the important role of small business, like Empire Today, in job creation and job loss in the US economy. The statistics show that during the 1990s and into the early part of the 2000s, small business created about 65% of all new jobs in the US. However, during the latest recession they also accounted for 60% of job losses.
Many of the new jobs created by small businesses were in new startups and expanding firms, particularity mid-sized businesses. These new startups and high growth mid-size firms play a major role in the labor market. For example, businesses such as Empire Flooring help to contribute to society by providing job opportunities in a positive working environment. Therefore, it's important for government policy to foster an environment that encourages startups and business expansion. These firms have been hardest hit during the 2008 recession, and many have yet to bounce back as quickly as large businesses have been able to do.