Microbusinesses in Georgia: Characteristics and Economic Impact

Executive Summary

Over the past several years, respondents of many national, regional, and local surveys have consistently ranked job creation as the number one domestic issue. Yet four years after the end of the recession job creation has remained anemic, with the national unemployment rate hovering around 7.6 percent while the rate for African Americans and Latinos remains in the double digits. In the literature there is a debate about whether job creation is influenced by firm size and if so, which size firms create the most jobs. Yet different data sources utilize different thresholds for the definition of a small business or microbusiness.

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