Small Businesses Create 2 out of 3 New Jobs: Support Local for a Stronger Economy

Small Businesses Create 2 out of 3 New Jobs: Support Local for a Stronger Economy

Small businesses are the backbone of the American economy, and their impact on job creation is undeniable. In fact, small businesses create a staggering 2 out of 3 new jobs in the United States. Furthermore, they employ nearly half of all American workers.

Clearly, supporting local businesses isn’t just a feel-good initiative; it’s an essential strategy for building a stronger, more resilient economy.

The Ripple Effect of Local Spending

When you choose to spend your money at a local business, you’re not just making a purchase; you’re investing in your community. Firstly, a significant portion of that money stays within the local economy. Studies show that for every $100 spent at a local business, roughly $68 stays in the community, compared to only $43 when spent at a national chain. This means your dollars are recirculated, supporting other local businesses, creating jobs, and generating tax revenue that funds essential services.

Secondly, small businesses are more likely to source their goods and services from other local businesses. Consequently, this creates a ripple effect, strengthening the entire local supply chain and fostering a more interconnected and resilient local economy.

Beyond Job Creation: The Benefits of a Thriving Small Business Sector

In addition to job creation, small businesses offer a myriad of benefits to their communities. They foster innovation, promote entrepreneurship, and contribute to the unique character and vibrancy of our towns and cities. Moreover, small business owners are often deeply invested in their communities, sponsoring local events, donating to charities, and actively participating in civic life.

Support Local, Build a Stronger Future

Ultimately, supporting small businesses is an investment in our collective future. By choosing to spend our money locally, we’re not just helping businesses thrive; we’re creating jobs, strengthening our communities, and building a more resilient and equitable economy for everyone. Therefore, let’s make a conscious effort to support local businesses and celebrate the vital role they play in our society.

Small Businesses Create 2 out of 3 New Jobs: Support Local for a Stronger Economy