Small businesses are a vital contribution to the US economy. Even though most small business owners don’t even hire employees, they generate millions of new jobs every year. Back in 2019, small businesses generated 1.6 million new jobs in the US. Companies with less than 20 workers alone generated 1.1 million new jobs. Currently, there are 60.6 million employees in the US who work in small businesses. That is approximately 47.1% of the entire US workforce.