Small businesses play a vital role in the economy and the fabric of our communities. Here are just a few reasons why supporting small businesses is important:
They create jobs
Small businesses are responsible for a significant portion of new job creation in the United States. According to the Small Business Administration, small businesses create two out of every three new jobs in the country.
They foster innovation
Small businesses often have the freedom to try new things and take risks that larger corporations may not be able to. This can lead to the development of new products and services, and drive innovation in a way that benefits both the business and the community.
They promote economic diversity
Small businesses help to create a diverse economy by providing goods and services that may not be offered by larger corporations. This diversity can help to make a community more resilient and better able to weather economic downturns.
They contribute to the local economy
When you shop at a small business, more of your money stays in the local community. Small businesses are more likely to purchase from other local businesses, supporting a network of economic activity that benefits the entire community.
They build community
Small businesses often have a personal touch and can serve as gathering places for the community. They can be an important part of the fabric of a neighborhood or town, and supporting them helps to build and strengthen the sense of community.
There are many ways to support small businesses, including shopping at locally-owned stores, eating at small restaurants, and hiring local service providers. By supporting small businesses, we can help to create jobs, foster innovation, promote economic diversity, and build strong communities. So, it is always good to support small businesses.