Small business honored for big role in economy

Small business honored for big role in economy

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by KGW Staff

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kgw.com

Posted on June 20, 2013 at 4:13 PM

Updated Thursday, Jun 20 at 8:08 PM

PORTLAND -- This is Small Business Week, a national recognition of the big role that small companies and their employees play in our economy.

In Oregon, 98 percent of companies fit into that category. There are about 335,000 small businesses creating jobs in Oregon.

One of those businesses is iCandy on Gresham’s Main Street. Two friends started the company almost two years ago and have doubled in size since then. They now have nine employees.

The folks working for these small companies are part of a new survey by Internet credit card resource Card Hub, which ranks the cities that are friendliest to their employees.

The results are based on job growth, hours worked and average wages for new hires. The top five include Denver, Boston, Minneapolis, Seattle and San Francisco. Portland comes in at number 15.

According to the U.S. Small Business Administration, more than 60 percent of the new jobs added in this country over the past 20 years came from small business.

“In 2012, SBA lenders provided $435 million to small businesses that helped and supported and created 9,500 jobs in the area,” said Kellie Randall of the SBA.

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KGW Reporter Joe Smith contributed to this report.

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