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What Are Small and Midsize Enterprises (SMEs)?

By Matthew DiLallo – Updated Dec 18, 2024 at 9:39AM

Key Points

  • SMEs drive significant job creation, making up 99.9% of US firms and almost half the workforce.
  • SMEs adapt swiftly to technology, fostering growth and innovation more than larger firms.
  • Investing in SME service providers like BILL and Paycom offers exposure to their growth potential.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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