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|Small and Growing Businesses|
What is a Small and Growing Business (SGB)?
Small and Growing Businesses (SGBs) are defined by ANDE as commercially viable businesses with five to 250 employees that have significant potential, and ambition, for growth. Typically, SGBs seek growth capital from $20,000 to $2 million.
SGBs differ from the more traditional characterization of small and medium enterprises (SMEs) in two fundamental ways. First, SGBs are different from livelihood-sustaining small businesses, which start small and are designed to stay that way. Second, unlike many medium-sized companies, SGBs often lack access to the financial and knowledge resources required for growth.
SGBs do more than create jobs. They create goods and services that benefit all sectors of society. They create shared prosperity, which is essential to the growth of the middle class. SGBs also create a pro-growth business environment and instill a spirit of entrepreneurship that can transform the economic infrastructure of developing nations. Moreover, they provide a platform for sustained growth that can help emerging economies achieve their long-term economic goals.
ANDE’s Research Initiative aims to answer the most critical questions on small and growing businesses by supporting research that is both academically rigorous and relevant to practitioners. Click here for more information.