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business market

Do small businesses create more jobs than larger firms?

Washington Post article about Obama's small business proposal says that according to a Kauffman Foundation study, "small businesses create most of the nation's jobs". Not to be discouraging, but I couldn't find that statement in the cited report. Kauffman states "the top-performing 1 percent of firms generate roughly 40 percent of all new jobs". They are talking about 1 percent of all sized companies not just small businesses. As the founder of two startups, I was curious to see if I could answer the question: do small businesses create more jobs than medium to larger firms?