The digital imperative for U.S. small businesses | Visa

The digital imperative for U.S. small businesses

Digital solutions can help small businesses overcome labor shortages and other macroeconomic challenges as consumer appetite for online shopping grows.

Bar chart showing total number of small businesses the year-over-year change in that number by year from 2010 to 2020. See image description.
Bar chart showing total number of small businesses combined with a line chart (right axis) overlay that shows the year-over-year (YoY) change in that number (left axis) by year from 2010 to 2020. The chart begins in 2010 with 5.73M small businesses, which was a -0.57 percent change from the previous year, and ends in 2020 with 5.98M small businesses, representing a 0.7 percent change from the previous year. The number of small businesses ranged from a low of 5.68M in 2011 and a high of 5.99M in 2017, while the smallest YoY change in small businesses was -1.9 percent in 2018 and the largest YoY change is 1.3 percent in 2015.