Small Business Starts Here

Small businesses are the engine that drives local economies. These businesses create jobs, spark innovation, and support families. According to the U.S Small Business Administration, Small businesses of 500 or fewer employees make up 99.9% of all U.S businesses.

The Colorado Office of Economic Development and International Trade notes that in 2022, Colorado had a total of 690,000 small businesses, which account for 99.5% of all Colorado businesses and employ nearly half of the state employees. Small businesses in Colorado have also taken a lead in exports from the state. The figures by the Office of the U.S. Trade Representative show that in 2016, a total of 5,582 companies exported from Colorado; of those, 4,857 (87%) were small and medium-sized enterprises. These firms generated 28.1% of Colorado’s total exports of goods in 2016.

Small businesses bring careers and opportunities and contribute to the growth of our local economy through paychecks and taxes. The Pikes Peak Small Business Development Center, Catalyst Campus, and Exponential Impact, connect entrepreneurships and startups with key resources to help them launch, grow, and expand.

 

Major Employers

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Colorado Springs Chamber & EDC

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