Small Businesses: Market Size

Goals

To identify the number of small businesses in the repair and maintenance, construction, metal and machinery
and high tech manufacturing sector, the number of businesses with more than 20 employees in each sector with 3-5 examples of each.

Early Findings

Construction

  • According to the 2019 SBA Small Business Profile, there are 3,153,318 small businesses in the construction sector in the US (2016 data).
  • Out of these firms, 626,743 have between 1–19 employees, while 682,292 have 1-499 employees. Therefore, we can calculate the number of small business construction firms with more than 20 employees as 55,549 (682,292-626,743).
  • Some examples of small business construction firms with more than 20 employees include:
- Trumbull-Nelson Construction Company, Inc (51-200 employees): "has grown from its beginnings in 1917 as a builder of fine homes to become a full-service Construction firm, specializing in management, supervision, demolition, excavation, site work, concrete, steel erection, general carpentry, finish carpentry, drywall and painting."

- Melvin Sudbeck Homes, Inc (51-200 employees): is a commercial and residential general contractor. Services include concrete flatwork and paving, utilities, earth moving, hauling, painting, flooring, framing, doors and hardware.

- Gutier LLC (20-49 employees): "Gutier has now become a fully-integrated construction services leader in design, procurement, construction, and consultancy."

Proposed next steps:

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