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Want a healthy economy? Get businesses small, big and new

Small business isn’t the predictor of economic vitality you might think it is.

Of the 10 countries in the world with the highest rates of companies with fewer than 250 employees, Paraguay, Kenya and Ecuador are included — not exactly major economies. The US states where small business holds the highest share include Wyoming, Montana and North Dakota — which have among the smallest state gross domestic product totals.

Posted July 24, 2023

About TEDCO

TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.

Media Contacts

Tammi Thomas, President, TEDCO, tthomas@tedcomd.com

Rachael Kalinyak, Associate Director, Marketing & Communications, TEDCO, rkalinyak@tedcomd.com