Opinion by Timothy J. Keating
In his opening remarks to the 2007 Government-Business Forum on Small Business Capital Formation, former SEC Chairman Christopher Cox acknowledged the critical importance of small business to the U.S. economy:
- “Small firms represent…99.7% of all the employer firms in the United States.They employ half of the entire labor force in the private sector.”
- “Of all the net new jobs created in our country, small business generated between 60 percent and 80 percent in every year during the last decade.”
