google-site-verification: google5ae98130f18ad244.html

Saturday, February 22, 2020
Text Size

Economic Development

May 4 - BLS Data Highlights Key Role of Big Businesses in Job Creation

Savannah Business Journal Staff Report

May 4, 2018 - Following the release of new data from the Bureau of Labor Statistics showing that large firms have been responsible for nearly half of net job growth in the United States since 2007, the Information Technology and Innovation Foundation (ITIF) today released the following statement from its president, Robert D. Atkinson, co-author of the new book, Big Is Beautiful: Debunking the Myth of Small Business:

Despite the widely accepted assumption that small businesses are the leading source of job creation, the reality is that large companies are the real engines of the American economy. Small businesses may create many jobs, but they also destroy many jobs when they fail or downsize. Yet public policy continues to be stacked in their favor—from the tax code to the many benefits and exemptions small firms receive. It’s past time to adopt a size-neutral approach to public policy that recognizes the essential role big businesses play in not only creating jobs, but creating higher wage jobs with better benefits.

BLS data show that in the third quarter of 2017, firms with 250 or more employees had a net employment increase, while firms with fewer than 250 employees had a net employment decrease. Since 2007, 22 percent of job growth among private sector firms was contributed by small firms, 30 percent by mid-sized firms, and 48 percent by large firms.

Comment (0) Hits: 6673

More Articles...

  1. April 26 - Pandora to create 250 jobs in Fulton County
  2. April 16 - Publix Savannah Women’s Half & 5K Makes $1.8 Million Impact in Community
  3. FEATURE: City of Savannah Takes Next Steps in ‘Savannah Shines’ Initiative; Mayor DeLoach Tears Down Blighted Home
  4. April 9 - Georgia Southern's Economic Monitor reports continued growth despite hurricane
  5. Jan. 10 - Start of construction at ‘Savannah Manufacturing Center’ highlighted at SEDA’s Annual Meeting
  6. FEATURE – RURAL DEVELOPMENT: Legislature to address fact that 71% of state’s population has migrated to only seven counties
  7. Nov. 22 - Savannah Economic Development Authority announces partnership with Savannah College of Art and Design
  8. Nov. 21 – SEDA updates City Council on Economic Development with Pitch for Continued Support of FilmSavannah office.
  9. Nov. 10 – Understanding the ‘Business Tax’ that Savannah Businesses and Professionals Must Pay to the City
  10. Oct. 31 - Amazon to create more than 500 jobs in Macon
  11. Oct. 27 – UPDATED: Savannah Economic Development Authority Responds to Statements by Atty. Mark Tate on Risk to SEDA
  12. Oct. 11 - Small business optimism slides in September
  13. Oct. 10 - U.S. Corporate Executives Rank Best States for Business: Georgia Ranks #3
  14. Sept. 28 - State Personal Income: Second Quarter 2017
  15. Sept. 26 - Stacey Abrams for Governor campaign releases "Advanced Energy Jobs Plan" to create long-term, high-wage jobs in Georgia
  16. Sept. 24 - Three companies announce expansions in Savannah
  17. Sept. 22 - Three companies Announce Expansions in Savannah according to SEDA
  18. Sept. 22 - FEMA Disaster Recovery Center Opening on Tybee Island Beginning tomorrow, Sept. 23
  19. FEATURE: If your HOME or BUSINESS is flooded, tips from on cleanup from the experts
  20. Sept. 12 - U.S. Labor Department to Provide Immediate Assistance for Hurricane Irma Recovery Efforts

Page 16 of 440

CLICK to SUBSCRIBE and Support Great Journalism!

Follow Us!

Coastal Empire News
Headquarters: 2222 Bull Street,Savannah, GA. 31401.
Tel: 912-220-2759 | Hours: 8:30 a.m. to 5:00 p.m.