One-Third of Global Employment is Created by SMEs

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Small businesses are the backbone of the world.

Indeed, small and medium-sized businesses (SMBs) contribute significantly to the GDPs of their countries. In fact, in the U.S. alone, SMBs account for 46 percent of private, non-farm GDP, according to the U.S. Small Business Administration.

But there's another measurement to track the progress of SMEs:  jobs.

In emerging markets like China and Medico, SMBs make up one-third of employment and up to 40 percent in developed economies.

Read more about how SMEs around the world create jobs.

Bring Those Jobs to USA!

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Dorel Juvenile Group (DJG), a leading manufacturer of children’s car seats and strollers, will add two additional assembly lines at the Columbus facility to produce its products for Walmart, which include car seat, stroller and walker categories.  DJG has had a 40-year relationship with Walmart.  Its annual sales are $2.6 billion and they employ about 10,000 people in facilities in 25 countries worldwide.

Impressive.

Walmart tied the deal with Dorel to a 10-year initiative by the company to buy an additional $250 billion in products that support American jobs.

DJG's other major retail partners are:  Amazon, Target, Babies R Us, Buy Buy Baby and Nordstrom, to name just a few.

We can all aspire to be big someday, global, and create jobs.

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Punish Americans Who Outsource?

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I don't mind getting China to play fair but do you really think we should punish folks in the United States for outsourcing?  Refer to No. 5.

6 ways Washington could create jobs

Elizabeth, have you heard of President Obama's National Export Initiative?