More Businesses Closed Than Opened in 2009
Last year, an estimated 552,600 new employer firms opened for busi-ness and 660,900 firms closed shop, according to new data released today from the SBA.
The agency's Office of Advocacy provided an update of small businesses statistics. Among them, seven out of 10 new employer firms survive at least two years, half at least five years, a third at least 10 years, and a quarter at least 15 years. In 2009, there were 27.5 million businesses in the United States.