Magazine article Business Credit

New Report Outlines State of Small Business

Magazine article Business Credit

New Report Outlines State of Small Business

Article excerpt

The U.S. Small Business Administration unveiled a major new federal government report, The Small Business Economy, 2004, which outlines the state of small business and its contributions to the economy.

"In 2003, the overfill economic indicators improved as the economy gained momentum," said Office of Advocacy Chief Economist Dr. Chad Moutray. "Small businesses led the way. However, continued strong economic growth will require an environment that fosters more entrepreneurial activity."

The comprehensive report examines the role small business plays in the economy. It focuses on economic trends and indicators, regulatory issues at the federal, state, and local levels, innovation and technology transfer, as well as federal government procurement and small business financing data.

Among the report's highlights:

* In the second half of 2003, consumer find business confidence returned and the economy shifted into higher gear. Real gross domestic product increased at an annual rate of 8.2 percent in the fourth quarter and the number of employer firms increased by 0. …

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