Nearly 80% of businesses in Dallas are classified as small businesses, employing nearly 40% of the City's workforce. Small businesses account for a significant number of jobs and play a key role in growing tax revenue. Small business is fundamental to workforce development, especially in minority, immigrant and under educated population communities. A small business is generally defined as having less than 20 employees, with micro businesses generally defined as having less than 5 employees.
Small businesses struggle for survival and tend to have a very high failure rate, especially in the first years after start up. In certain industries, the failure rate is as high as 90%. Small business success is dependent upon sound management and administration, procurement opportunities, and access to capital, talent, and markets.