Amid economic challenges and closures of small businesses due to inflation, a report brings positive news for New York, revealing it has the second-highest percentage of small businesses in the U.S. A study by Qrfy.com based on US Census Bureau data identifies Florida as having the highest percentage of small businesses, followed by New York and Wyoming. New York's Assistant Commissioner of NYC Small Business Services, Sherri Lane, credits the city's ample funding opportunities for its high small business presence. Florida leads with 64% of businesses classified as small, followed by New York at 62.71%, and Wyoming at 61.83%. New York's annual payroll for small businesses reached $33.6 billion, averaging $100,070.95 per small business. The study reflects the resilience and diversity of small businesses, emphasizing the importance of community support and accessible funding.