We’re BIG on small business

The Accelerator is sure bustling these days with the announcement of several new clients and exciting events every month! Orange County sure is big on small business. Apparently, so is the rest of the country.

Recent labor figures from the U.S. Bureau of Labor Statistics show that nonfarm payroll employment increased by 58,000 jobs this September. Since April, payroll employment has increased by an average of 72,000 per month, compared with an average of 161,000 for the prior 7 months. Since reaching a recent employment low in February 2010, the private sector has added 2.6 million jobs—an average of 136,000 per month.

Perhaps the most staggering statistic of all this month: over 90 percent of new jobs created came from nimble firms of 15 or less employees.

This means that the country’s small businesses and entrepreneurs are stepping up to the plate where government and corporate America are leaving off. Check out this jobs report from the Wall Street Journal.

The Accelerator opened its doors just 100 weeks ago and today we are fully occupied with 18 clients. All nimble firms with nearly 60 new jobs and upon graduation the potential for 300 real jobs, real close to home!  Please check out our line-up!

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