Businesses that are operated on small scale will have great impact on the America’s economy. Nearly 50 million Americans are employed by small scale industries and annually, these businesses generate whopping revenue of $11 trillion.
Of the total business receipts created in United States, more than 38% of the receipts are contributed by small businesses. Mostly business owners will engage in philanthropy activities and it was reported that 71% of companies have looked up for a charitable trust within their proximity and started funding it. Diagnostics, biotechnology and pharmaceutical are three major industries that offer patents to their employees.