Today is Small Business Saturday! Here are just some ways shopping small business can help grow your local economy. 1. Put money back into the community Shopping at a small business means your money stays local, and it contributes to the economic health of the place you call home. A 2003 study by the American Independence Business Alliance found that $45 out of every $100 spent at small businesses stayed local. This figure compares to just $15 from nationwide chains. 2. Create more job opportunities They might be called small businesses, but their contributions to the job market are huge. The U.S. Small Business Administration (SBA) notes that small businesses represent 99.7 percent of all employer firms. Small businesses have generated 64 percent of new jobs since 1995, and they paid 44 percent of the total U.S. private payroll, according to the SBA. 3. Goods made where you live Local artists and craft makers get a jumpstart on their business efforts when you buy their wares at local shops or street fairs. 4. Connections to local charities Its a fact: Small businesses will always line up to get behind local causes and fundraisers ahead of national chains, which mostly concentrate on large charitable organizations. Local events such as benefit concerts or silent auctions not only support good work, but also promote traffic and product visibility to the shops that take part.
Posted on: Sat, 29 Nov 2014 13:31:28 +0000
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