Many policy and economic debates center around small business and their role in the economy. State and community leaders often talk about how policies will help or hurt small business. Major labor and business regulations exempt small business. These discussions and policy decisions, especially in Montana, stem from the idea that small businesses provide a significant number of good-paying jobs and promote entrepreneurism. But how large a role do small businesses actually play in Montana’s economy? What exactly does it mean to be a small business? What type of industry is best suited for small business? The answers to these questions are important for a full understanding of the role of small business in Montana.