Pennsylvania Small Business Economic Profile
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Summary
U.S. SMALL BUSINESS ADMINISTRATION 2021 Small Business Profile REGULATION RESEARCH OUTREACH Pennsylvania 1.1 million small businesses 2.5 million small business employees 99.6 percent of Pennsylvania businesses 46.3 percent of Pennsylvania employees Percent 100 75 50 25 0 Share of employees working at small businesses by county Source of data: Statistics of US Businesses (Census) Business dynamicsEstablishments Between March 2019 and March Thousands of establishments 2020, 28,383 Pennsylvania establishments opened and 31,609 20 Openings Net change closed, for a net decrease of 3,226
0 Employment expanded at 74,921 and contracted at 78,676. Small -20 Closings businesses accounted for 27,817 openings and 30,874 closings. 2000 2010 2020Employment Opening and expanding Thousands of jobs Pennsylvania establishments added 600 441,071 jobs, while closing and Gains 300 Net change contracting establishments lost 0 445,087, for a net decrease of 4,016 -300 Losses jobs. Small businesses gained 354,871 jobs and lost 350,924, for a -600 net increase of 3,947 jobs. 2000 2010 2020Counts include temporary closures and reopeningsSource: Business Employment p y yy Dynamics (BLS) 1 Small business loansThe Community Reinvestment Act New lending to businesses with revenues under $1 millionrequires large banks to report new $Billionsmall business loans. In 2019, reporting 5banks issued $3.3 billion in loans toPennsylvania businesses with revenues 4of $1 million or less. Total reported new 3lending to businesses through loans of$100,000 or less was $3.2 billion, and 2total reported new lending tobusinesses through loans of $1 million 1or less was $9.3 billion. 0Source: CRA Aggregate gg g Data (FFIEC) 2000 2005 2010 2015 2020 Small business count by size and industry No 1–19 20–499 All small Industry employees employees employees businesses Professional, Scientific, and Technical Services 125,164 24,044 2,507 151,715 Construction 93,947 24,395 2,201 120,543 Other Services (except Public Administration) 82,743 31,482 2,072 116,297 Retail Trade 81,853 21,861 2,754 106,468 Real Estate and Rental and Leasing 96,046 7,013 550 103,609 Health Care and Social Assistance 65,295 18,922 4,305 88,522 Transportation and Warehousing 80,172 5,853 1,128 87,153 Administrative, Support, and Waste Management 67,179 11,426 1,657 80,262 Arts, Entertainment, and Recreation 51,690 3,798 762 56,250 Accommodation and Food Services 14,834 18,448 4,531 37,813 Finance and Insurance 26,189 7,879 770 34,838 Educational Services 30,913 2,441 918 34,272 Manufacturing 14,094 8,041 3,394 25,529 Wholesale Trade 13,315 8,148 2,149 23,612 Information 10,690 1,979 471 13,140 Agriculture, Forestry, Fishing and Hunting 8,434 503 23 8,960 Mining, Quarrying, and Oil and Gas Extraction 1,918 511 168 2,597 Management of Companies and Enterprises * 133 615 748 Utilities 565 132 45 742 Industries not classified * 233 0 233 Total 865,041 197,013 29,470 1,091,524* Not reported by the Census BureauSources: Nonemployery Statistics, 2018 (Census); Statistics of US Businesses, 2018 (Census) Small business exports A total of 15,515 identified firms exported goods worth $38.9 billion from Pennsylvania in 2019. Of those exporters, 13,690—or 88.2 percent—were small. Small firms exported goods worth $12.5 billion, making up 32.0 percent of exports by identified firms
Source: A profile of US importing and exporting companies, 2018–2019 (Census)Pennsylvania 2021 2 SBA Office of Advocacy Business ownership share by demographic groupWomen Workers Women made up 48.2 percent of workers and owned Ownership 39.4 percent of businesses
Veterans Workers Veterans made up 4.9 percent of workers and owned Ownership 6.3 percent of businesses
Hispanics Workers Hispanics made up 6.9 percent of workers and owned Ownership 4.2 percent of businesses
Racial minorities Workers Racial minorities made up 16.6 percent of workers and owned Ownership 12.1 percent of businesses
Ownership shares include equal and majority ownershipSources of data: American Community Survey, 2018 (Census and IPUMS); Annual Business Survey, 2018 (Census);Nonemployer Statistics by Demographics, 2017 (Census) Business count by owner demographic group Without With Ownership employees employees Total Female 326,000 38,121 364,121 Male 489,000 138,766 627,766 Owned equally by both groups 19,500 24,908 44,408 Veteran 45,500 11,561 57,061 Not veteran 785,000 185,383 970,383 Owned equally by both groups 3,400 4,849 8,249 Hispanic 39,500 2,648 42,148 Not Hispanic 794,000 198,414 992,414 Owned equally by both groups 700 * * American Indian and Alaska Native 1,200 * * Asian 36,000 * * Black or African American 68,500 3,035 71,535 Native Hawaiian and Other Pacific Islander 400 161 561 White 727,000 183,168 910,168 Hispanic or racial minority 139,000 21,093 160,093 White and not Hispanic 694,000 179,217 873,217 Owned equally by both groups 1,600 1,484 3,084* Not reported by the Census Bureau; counts include only businesses classifiable by owner demographic groupSources: Annual Business Survey, 2018 (Census); Nonemployer p yy Statistics by g p y Demographics, 2017 (Census)Pennsylvania 2021 3 SBA Office of Advocacy Total Pennsylvania employment by business size Source of data: Statistics of US Businesses (Census) Million G 5 Between 1994 and 2018, 4 500 employees or more Pennsylvania small business employment 3 grew by 7.6 percent, 100 to 499 reaching 2.5 million 2 employees in 2018
20 to 99 1 fewer than 20 G 0 1995 2000 2005 2010 2015 Small business employment and payroll by industry Employers Employment Payroll ($1,000s) Industry Small % Small % Small % Other Services (except Public Administration) 33,554 99.4 216,041 88.6 6,117,049 84.8 Construction 26,596 99.5 202,405 83.3 12,877,360 79.9 Professional, Scientific, and Technical Services 26,551 97.8 198,401 59.7 14,937,483 54.2 Retail Trade 24,615 97.8 239,632 36.5 7,673,138 42.7 Health Care and Social Assistance 23,227 98.0 422,133 39.7 16,477,126 32.1 Accommodation and Food Services 22,979 98.7 311,326 63.5 5,145,250 59.4 Administrative, Support, and Waste Management 13,083 96.6 141,772 42.5 5,557,344 43.4 Manufacturing 11,435 93.8 264,480 47.7 13,521,941 41.6 Wholesale Trade 10,297 93.5 136,226 54.3 8,545,759 47.0 Finance and Insurance 8,649 95.5 73,530 25.8 5,539,323 20.7 Real Estate and Rental and Leasing 7,563 97.6 46,748 69.1 2,465,778 65.7 Transportation and Warehousing 6,981 94.2 81,230 34.9 3,289,130 30.4 Arts, Entertainment, and Recreation 4,560 98.3 60,969 55.6 2,044,016 57.0 Educational Services 3,359 95.9 74,687 27.8 2,753,563 24.1 Information 2,450 91.3 33,916 29.7 2,027,519 19.6 Management of Companies and Enterprises 748 54.4 19,111 10.9 1,501,963 8.5 Mining, Quarrying, and Oil and Gas Extraction 679 90.9 10,665 44.4 768,959 34.3 Agriculture, Forestry, Fishing and Hunting 526 99.4 2,650 99.3 104,460 98.4 Industries not classified 233 100.0 308 100.0 9,904 100.0 Utilities 177 78.7 2,257 7.3 177,867 5.1 Total 226,483 98.1 2,538,487 46.3 111,534,932 39.5Source: Statistics of US Businesses, 2018 (Census) About this profile Small businesses are defined here as firms with fewer than 500 employees. Figures and statistics may incorporate approximations because of missing or otherwise problematic data. Data analyzed here predate the COVID-19 pandemic, the impacts of which have differed by industry, geography, and demographic group. More information about the impacts of the pandemic, electronic versions of these and other ggeographic g pp pprofiles, and additional resources are available at http://advocacy.sba.gov
pp /// yy gPennsylvania 2021 4 SBA Office of Advocacy
Net small business job change, self–employed minorities, and exporter share statistics are based on 2019 Business Employment Dynamics (BDM), 2018 American Community Survey (ACS), and 2018 International Trade Administration (ITA) data, respectively. SBA Officeof Advocacy 157 Pennsylvania Small Business Profile, 2020
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Frequently Asked Questions
How many people work for small businesses in pennsylvania?
Figure 1: Pennsylvania Employment by Business Size (Employees) fewer than 20 20 to 99 100 to 499 more than 500 0 1M 2M 3M 4M 5M 2000 2005 2010 2015 • Pennsylvania small businesses employed 2.5 million peo- ple, or 46.2% of the private workforce, in 2017.
What is the pennsylvania state small business credit initiative?
The Pennsylvania State Small Business Credit Initiative (PA-SSBCI) provides funding to economic development partners for the implementation and administration of capital programs to support small businesses through loans and equity investments:
What is the pennsylvania business development team?
Serving as the first point of contact for Pennsylvania business development concerns, the team helps connect and guide businesses through all stages of development — from planning and startup to operating and expanding.
What is the pennsylvania chamber of business and industry doing to help?
The Pennsylvania Chamber of Business and Industry is dedicated to helping business across the Pennsylvania. Now that the coronavirus has made its way to the United States, businesses are seeking information to help their company, their employees and their families.