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238,000 Small Businesses failed between 2008 – 2010

238000 Small Businesses failed under Obama

Cenus data shows 223.800 small businesses failed during 2008 to 2010. This represents a loss of 238,841 businesses and nearly 3.5 million jobs. While a definitive figure on how many small businesses closed during the recession is hard to come by as the definition of “small business is very broad based. The recession technically started in December 2007 and ended in June 2009.  Census data only counts the number of new businesses starting in March of each year.

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