Small businesses are defined by the Small Business Administration's Office of Advocacy as those with less than 500 employees. There is limited data available to analyze small business at the local level. For the purpose of this measure the number of small businesses is only counting those with less than 500 employees in Fort Worth. Through an evaluation of the entire small business ecosystem, Fort Worth will be able to create a more efficient and effective continuum of service that fosters economic inclusion. Small business operations are important to our local economy as research has shown that they employ many more local residents than do larger corporations. Additionally, small businesses tend to recirculate their money locally directly impacting local neighborhoods. The city's goal is that small businesses make up 98% of all Fort Worth businesses.
Data Source: This information comes from the US Businesses Database, and US Businesses Historical Database.