Indiana’s Small Business Industries: Who is leading?

We’re told that small businesses are the foundation of local economies. They provide jobs, innovation, and personalized services to communities. In Indiana, which industries have the most businesses?

Using figures from the U.S. Small Business Administration, new research highlights the top five industries where small businesses in Indiana are thriving.

These are the industries that have the most small businesses in Indiana:

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Construction

Leading the way is the Construction industry, with 65,402 businesses in 2023. These companies handle everything from building homes to large-scale engineering projects, like highways.

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Professional, Scientific, and Technical Services

In second place, this industry includes 59,822 businesses providing services like legal advice, accounting, engineering, and even veterinary care.

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Transportation and Warehousing

This sector ranks third, with 54,552 small businesses. It covers transportation services for goods and people, along with warehousing and storage.

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Retail Trade

Coming in fourth, Retail Trade boasts 53,100 businesses. These are shops and online retailers selling various products to the public.

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Real Estate, Rental, and Leasing

With 52,654 businesses, this industry rounds out the top five. These companies rent, lease, or sell properties and offer related services.

While industries like Construction are booming, Accommodation and Food Services have the fewest businesses, with only 16,132 operating in 2023.