Small Business Starts Here

Small businesses are the engine that drives local economies. They create jobs, spark innovation, support families, and build something that matters. 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 690,000 small businesses, accounting for 99.5% of all Colorado businesses and employing nearly half the state’s workforce. Small businesses have also led the way in exports from the state: figures from the Office of the U.S. Trade Representative show that in 2016, 4,857 of the 5,582 companies exporting from Colorado, 87%, were small and medium-sized enterprises, generating 28.1% of the state’s total goods exports that year.

Ambition here doesn’t require a corner office or a household name to matter. Small businesses bring careers and opportunity, and they contribute to the growth of our local economy through paychecks and taxes. The Colorado Small Business Development Center serving the Pikes Peak Region, Catalyst Campus, and Exponential Impact connect entrepreneurs and startups with the resources they need to launch, grow, and expand, providing a community built to help every business, at every size, build a future.

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Colorado Springs Chamber & EDC

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