The SBA recently issued it's latest small business numbers for Hawaii (2011 is the latest data).
We have 118,121 Small Businesses in Hawaii, 24,003 with actual employees, 94, 118 without employees. Small Businesses in Hawaii employ 256,569 workers which is about 1/2 of the total Hawaiian Workforce.
By size of Firm, Hawaii employment breaks down this way, 47% employ 500 + employees, 16% employ 100-499 people, 19% ...20-99 people , and 18% employ, 1-19 people.
Most Small Businesses are sole proprietors.
In 2012 Hawaii's Banks who take part in the Community Reinvestment Act produced $25, 776 loans under $100,000.
57,000 males owned businesses, 37,000 females owned businesses and 20,000 were owned by both. There were 68,000 minority owned businesses and 10,000 small businesses owned by Veterans.
Wow...lots of numbers but it is easy to see where the emphasis is in Hawaii's economy. Our population is about 1,400,000 which helps put these numbers in perspective.
