The numbers don’t lie.
Locally owned businesses
may be classifi
ed as “small,” but they
have a big impact on the national
economy.
According to the Bureau
of Labor Statistics’ Business
Employment Dynamics
report, small businesses
created 10.5 million net new
jobs between 2000 and 2019,
accounting for 65.1 percent
of net new jobs created since
2000 in the United States.
The Government of Canada
reports that the number of
small businesses in Canada
in 2020 was far greater than
the number of medium and
large businesses, accounting
for 97.9 percent of all the
businesses in the country.
Supporting locally owned
businesses is a great way
to support a neighbor, but
that’s not the only attraction.
Here are several reasons
COURIER L 18 IFE, NOV. 26-DEC. 2, 2021
to shop small.
The feel-good factor
Doing for others certainly
has an impact on the person
on the receiving end, but
also benefi ts the do-gooders.
A November 2020 survey
by Union Bank found that
72 percent of Americans
said supporting small businesses
was more important
than getting the best deals.
That may be due to the feeling
of helping out a fellow
neighbor.
Create job
opportunities
Shopping at small businesses
keeps those establishments
afl oat, and it
also keeps their employees
afl oat. Small businesses are
the largest employers in the
United States. That’s also
true in Canada, where 68.8
percent of the total labor
force works for a small business.
A person may never
know when he or she — or
a relative — will need a job.
Keeping small businesses
viable provides a strong job
market for locals.
Keep more money in
the community
The Small Business Administration
says $48 out of
every $100 spent at a small
business stays in the community.
Spend the same $100
at a national retailer and
only $14 stays.
Enjoy a more local
fl avor
National retailers and
other businesses follow a
global business model that
may not allow for much customization,
but small businesses
can provide products
or services that relate
directly to the needs of the
communities they serve.
There are several reasons to shop small. Metro Creative Connection
These same small businesses
also may be more
inclined to work with local
vendors and start-ups than
national companies that
have global supply chains.
These are just a few of the
many reasons to seek out
small businesses when in
need of products or services.
— Metro Creative Connection
Shop Local
Unique reasons to shop
at small businesses
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