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Small Business Spending Rises

Date: 02/09/2006 | Category: Business | Author: Diana Heeb Bivona

According to Visa USA, small business spent $4.7 trillion last year.  This represents 29% of a total 16.3 trillion spent in U.S. commercial spending in 2005.Estimates for 2005 indicate that more than approimately 54% of small business spending was in the following top five expenditure categories:

  • Raw materials/manufactured goods — $800 billion (17 percent);
  • Professional services — $541 billion (11 percent);
  • Rent — $412 billion (9 percent);
  • Personnel supply services — $404 billion (9 percent);
  • Other business spending — $370 billion (8 percent)
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