33% of Main Street SMBs With 5 or Fewer Staffers Saw Lower Earnings in 2023

Most small to mid-sized businesses (SMBs) located up and down Main Street, USA, are doing just fine, thank you very much. 

In fact, according to PYMNTS Intelligence data, business growth and wages for more than half of U.S. Main Street SMBs are outpacing last quarter’s national GDP rate of 5.7%. 

Those are just two takeaways from PYMNTS Intelligence’s latest SMB Growth Monitor Report, “Main Street Small Business Growth Exceeds GDP for First Time in Two Years,” which draws on survey...