Last Updated on August 23, 2023 by Hannah Stevens
The federal government spends more than $90,919.00 millions dollars annually in grants and other funding sources from local governments. This is because small and large businesses are the backbone of California’s economic growth. California has 697,082 businesses. These establishments are broken down into the following:
California Business Sector Breakdown by Size:
- 428,785 businesses in California have between 0 and 4 employees. This breakdown includes those who work from home as sole proprietors.
- 117,537 businesses in California have between 5 and 9 employees.
- 72,287 businesses in California have between 10 and 19 employees.
- 60,843 businesses in California have between 20 and 99 employees.
- 12,027 businesses in California have between 100 and 499 employees.
- Over 5,603 businesses in California have over 500 employees.
California Business Sector Breakdown in Service Industries:
- The Professional, Scientific and Technical Services sector has 112,737 California businesses under its registry.
- The Administrative, Support, Waste Management, and Remediation Services sector has 43,355 California businesses under its registry
- The Accommodation and Food Services sector has 76,110 California businesses under its registry.
- California has more than 70,359 registered companies. They are service-oriented businesses that are not yet included in the above categories.
You may also be eligible for grants for small businesses if you work in the agriculture industry. California has more than 81,000 farms.
Small Business in California
It is difficult to start and manage a small business in California. California spends more than $621,735,000,000.00 US dollars on employee salaries/payroll. Every year, more than 241,979 companies declare bankruptcy. The federal government doesn’t provide grants to expand or start businesses, but California grants to small business owners are available. Grant recipients don’t have to repay the money. It is worth looking into small business grants to help fund your business.
Contact California financial assistance agencies to apply for business grants.
Recent State Funding Opportunities
Below is a list of opportunities recently published in the local state: