The Small Business Economy for Data Year 2007 reviews how small firms fared in the economy, the financial markets, and the federal procurement marketplace in 2007. The SBA Office of Advocacy continued its oversight of Regulatory Flexibility Act implementation and introduced the r3 initiative in fiscal year 2007. Appendices provide additional data on small businesses, summaries of small business research from the Office of Advocacy, and background documents on the Regulatory Flexibility Act. This new book provides additional information about small businesses in international trade and small firm uses of formal and informal training.