The silicon valley organization's President & CEO Matt Mahood MC'd the City of San Jose BusinessOwnerSpace.com's 6th Annual Summit of Entrepreneurship and Innovation Friday, May 5.

"Truley, small business, although we have giant industry, giant companies here, small business is the backbone of our local economy, our downtown and our local neighborhoods; even here in Silicon Valley," Mahood told the crowd.

He shared a few stats around the impact of small business, including:

  • California has the highest number of small businesses in the country, with more than 3.6 million
  • California has the highest number of small business employees, with more than 6.4 million
  • In San Jose, 60% of all our businesses are considered small business‚Äîabout 56,000
  • More than 80% of The SVO's 1,400 members are considered small businesses

The event was held as part of National Small Business Week, an effort put on annually by the U.S. Small Business Administration.

From the SBA website:

Every year since 1963, the President of the United States has issued a proclamation announcing National Small Business Week, which recognizes the critical contributions of America’s entrepreneurs and small business owners.

More than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the U.S. each year.

As part of National Small Business Week, the U.S. Small Business Administration takes the opportunity to highlight the impact of outstanding entrepreneurs, small business owners, and others from all 50 states and U.S. territories. Every day, they’re working to grow small businesses, create 21st century jobs, drive innovation, and increase America’s global competitiveness.

Speakers at the May 5 San Jose event included:

  • San Jose Mayor Sam Liccardo
  • SBA Mark Quinn
  • Bruce Knopf, Director, Santa Clara County Office of Asset and Economic Development
  • Trami Cron, Owner & Founder, Chopsticks Alley
  • Damien Hooper-Campbell, Chief Diversity Officer, eBay
More Posts

You Might Also Like

COVID 19 Resource Center
Watch Our SVO COVID-19 Business Resource Webinars
We are hosting various online webinars providing our SVO members access to business resources, as well as discuss upcoming policy changes that affect business operations. We have invited political and industry experts to lead our webinars to make you our members are up to speed with all of the legislative updates that relate to COVID-19. In case you miss one, you can watch our webinar recordings here!
Jun 23, 2021
The Silicon Valley Organization
Members News
Wanna Get Away Day
Southwest Airlines declares June 18 as Wanna Get Away Day to honor 50th anniversary of first flight
Jun 8, 2021
Southwest Airlines
Members News
Blach Construction Named “Best Place to Work in Bay Area;” Earns “Workplace Wellness” Award
Blach Construction (Blach), an award-winning full-service commercial contractor serving the Greater Bay Area and Monterey since 1970, is honored to be recognized by the Silicon Valley Business Journal and San Francisco Business Times (SVBJ/SFBT) as one of the "Best Places to Work in the Bay Area”.
May 26, 2021
Blach Construction
COVID 19 Resource Center
Restaurant Revitalization Fund
Restaurant Revitalization Fund is an SBA grant program that will provide restaurants, bars, and other similar places of business that serve food or drink with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are NOT required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
Apr 27, 2021
Press Releases
Assessor Larry Stone urges Business Owners to Provide Equipment Valuation Information
Property Tax Relief for Business Owners
Mar 19, 2021
COVID 19 Resource Center
Changes to Paycheck Protection Program and Second Draw PPP Loan
At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic. This law, the Consolidated Appropriations Act, 2021 (CAA, 2021), includes a second draw of Paycheck Protection Program (PPP) loans (PPP Second Draw Loans) and updates to the original PPP loan. It also allows businesses to deduct ordinary and necessary expenses paid from the proceeds of PPP loans.
Feb 18, 2021
Petrinovich Pugh & Co LLP
Explore ALl Posts