Claim: Politicians often talk about "small businesses." But how small is a small business? Fifty employees? One hundred? Two hundred? Actually, it's often much more than that. The Small Business Administration's Office of Advocacy defines a small business as one with fewer than 500 employees. And that's the standard politicians often use. For example, President Barack Obama repeated a familiar claim on Aug. 19: that "small businesses … create two out of every three new jobs in this country."
Fact-check: What's a 'Small Business'? - FactCheck.org
Verdict: politicians often talk about "small businesses." but how small is a small business? fifty employees? one hundred? two hundred? actually, it's often much more than that. the small business administration's office of advocacy defines a small business as one with fewer than 500 employees. and that's the standard politicians often use. for example, president barack obama repeated a familiar claim on aug. 19: that "small businesses … create two out of every three new jobs in this country."
Organisation: FactCheck.org
Author: Lori Robertson
Date published: 2010-08-25T17:02:55