To support Advocacy’s mission of examining the contributions of small businesses to the American economy, the Office of Economic Research (OER) spent FY 2020 providing timely and relevant research products, analyzing proposed regulations for small business impacts, and promoting and presenting its research and statistics to small business stakeholders.
Throughout the fiscal year 2024, Advocacy produced 20 new research products on small businesses and gave 25 economic presentations. OER also added two new research products to its publication roster: Small Business Spotlights and the Small Business Rural Area Profile. Small Business Spotlights are a new research report series providing brief analysis of timely topics.
In FY 2024, OER published two spotlights: one on small business job creation and the other languages spoken by U.S. business owners. The new rural profile, now covering rural areas, metropolitan areas, congressional districts, states, territories, and an U.S. national profile, capture small business economic activity in the geographic area and highlight key small business statistics in business dynamics, employment, lending, exports, industry trends, and owner demographics.