Study: Social Media Driving Hyper-Growth for SMBs

There might be more big brands on social media these days, but according to a recent LinkedIn study, there's a strong connection between the growth of small and medium businesses and social media spending.

LinkedIn_Study

There might be more big brands on social media these days, but according to a recent LinkedIn study, social media is an important driver of growth for small and medium businesses.

SMBs account for a huge part of the economy. Young businesses in particular are the biggest contributors to job growth and seven out of 10 new jobs are created by a small business, according to the study.

The study, which included a survey of nearly 1000 SMBs in the US and Canada, indicates that SMBs are optimistic and focused on marketing in 2014.

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