The Great Recession other side of the coin: 170,000 small businesses gone in two years

The nation lost more than 170,000 small businesses during the first two years of the recession, according to an On Numbers analysis of newly released federal data.

A total of 6.79 million small businesses operated within the nation’s 938 metropolitan and micropolitan areas in 2010, the latest year for which official statistics are available.

That figure was down from 6.82 million small businesses in 2009 and 6.96 million in 2008. The recession officially began in December 2007.

On Numbers defines a small business as any private-sector enterprise with fewer than 100 employees. Totals for the 938 markets were calculated from raw data collected by the U.S. Census Bureau.

via Recession claimed 170,000 small businesses in two years – The Business Journals.