Forty-six percent of established small businesses created new jobs, and 57 percent increased revenue over the last year, finds a new report by Interise, a nonprofit that specifically focuses on the growth and success of established small businesses.
"While much attention is focused on startups, evidence shows that, across all industries, job growth and economic revitalization can be found with the established small businesses that show a high potential for growth," says Interise CEO Jean Horstman.
The report also shows that the average annual salary of new full-time employees is $41,500, and of those that added jobs, the median net new jobs per business is 3.0. The average new revenue per business amount is $31,000.
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