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TTU News

CROSSVILLE, Tenn. (Nov. 5, 2009) – The Cumberland County Higher Education Center will host a celebration of small business 9:30 a.m.-2 p.m. Nov. 17 in conjunction with Global Entrepreneurship Week.

The event will be held in the Community Room at the campus, 2567 Cook Road in Crossville, and is free and open to the public.

This event is sponsored by the Cumberland Business Incubator, Roane State Community College, Tennessee Tech University and the Crossville-Cumberland County Chamber of Commerce. Special recognition is focused on the entrepreneurial success stories of TAP Publishing and MasterCorp – local startups that have had global success.

There will be information displays for the sponsoring organizations as well as for the following: Tennessee Small Business Development Center, Tennessee Department of Economic and Community Development, Downtown Crossville, Inc., and Business and Professional Women of Cumberland County. Advisers will be on hand from TTU and Roane State Community College to assist individuals wishing to pursue degrees in business. Special guest is TTU’s mascot Awesome Eagle on hand for photos.

Celebrating and raising awareness about the role of small businesses is important because small businesses are critical to the economy.

According to the U.S. Small Business Administration, small businesses:

  • represent 99.7 percent of all employer firms.
  • employ about half of all private-sector employees.
  • pay nearly 45 percent of total U.S. private payroll.
  • have generated 60 to 80 percent of net new jobs annually over the last decade.
  • create more than half of non-farm private gross domestic product (GDP).
  • hire 40 percent of high-tech workers (such as scientists, engineers, and computer workers).
  • are 52 percent home-based and 2 percent franchises.
  • made up 97.3 percent of all identified exporters and produced 28.9 percent of the known export value in 2006.

For more information, please contact Roane State Community College at (931) 456-9880.