Small businesses generated $5 billion in economic output and paid $1.9 billion in labor income to employees. An increase of small business sales by 5% would result in an estimated 2,800 new jobs.
One in three people in Olmsted County work for a small business. Shopping local supports these businesses and their employees - your friends, family, and neighbors.
Small business pay on average $271 million in state and local taxes. These dollars support the infrastructure, parks, and services we all enjoy. Keep your dollars local - they are reinvested back into our community.
Report developed by the University of Minnesota Extension using data from 2016
1.7 BillionPaid by Olmsted County Small Businesses in the form of Wages and Benefits
53 k+People in Olmsted County are employed by a small business
3800Listed businesses in Olmsted County