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Exploring the Impact of Microenterprises on the U.S. Economy

On May 16, 2005, the Rural Policy Research Institute highlighted the significant role of microenterprises in the U.S. economy, noting that there are 20 million microenterprises (0-4 employees) in the country. Microenterprises account for over 86% of all businesses in the U.S. Additionally, 9% of Americans are entrepreneurs who hire employees, with 60% of new business owners creating jobs. This data underscores the importance of small businesses in driving economic growth and providing employment opportunities.

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Exploring the Impact of Microenterprises on the U.S. Economy

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