68% of Main Street SMBs Leveraging Social Media See Increasing Revenues

Since April 2021, most Main Street small to mid-sized businesses (SMBs) in the U.S. have been experiencing significant growth.

In fact — according to PYMNTS Intelligence’s latest SMB Growth Monitor Report, “Main Street Small Business Growth Exceeds GDP for First Time in Two Years — growth in 2023 was so strong it reversed a two-year trend in which Main Street SMB growth trailed nominal GDP growth.  

In 2021, the nominal GDP growth was 12% — nearly three times the 3.2% growth rate these SMBs reported.