Business and Entrepreneurship
South Central Coast Region
Why Business and Entrepreneurship?
The Small Business Administration’s Office of Advocacy criterion describes a small business as an establishment with less than 500 employees. Entrepreneurship and small business ownership in the United States represents the third largest economy in the world. Small businesses employ more than 50% of total private non-farm Gross Domestic Product.
Another major factor related to business and entrepreneurship is the trend toward a gig economy. According to a study by Intuit, by 2020, 43% of the workforce is projected to be freelancers/independent contractors. This trend toward a gig economy has already begun with approximately one-third of the working population engaging in some type of freelancing.
Entrepreneurship and small business represent driving forces that have stimulated the economy, jobs and wealth preservation. Entrepreneurs and small business owners are critical to California’s economic development as contributors to innovation and new job growth. Additionally, these individuals provide local business revenue, create networks, invest in local projects, and support community efforts.
Contact:
Gayla Jurevich, Regional Director
South Central Coast Region
Cuesta College
gayla_jurevich@cuesta.edu
805.546.3188
