Reasons To Support Small Business In An Economic Downturn

Posted by Karen Erdelac on Jul 18, 2022

Reasons To Support Small Business In An Economic DownturnWere you aware that small businesses create two-thirds of new jobs and deliver 43.5 percent of the United States' gross domestic product? Small businesses are the backbones of many communities, providing character and charm, as well as having a positive impact on the economy.

Customer Service

To a small business, your dollar means a lot more than it does to many box stores and corporations. Because your business means more to them, they will go the extra mile to make sure that their customers are satisfied by offering higher quality products and services and using compassion and kindness when and if an issue does arise.

Local Economy

Small businesses nationwide are owned by people from every walk of life. A new small business in your town will attract more businesses, bring in more tax revenue, and increase the property values of the properties around them. Small businesses are the foundation of not only the national economy but the local economy as well.

Job Creation

It is estimated that 60-70% of local jobs are provided by small businesses. When you support a small business, you are not only helping that business owner or proprietor, but you are also helping provide for the employees at these small businesses as well as their families.

Environmentally Friendly

When you buy products that are locally made, grown, or sourced, the impact on the environment is huge and allows for costs to be lowered. Local products do not need to be packaged and shipped, therefore reducing paper use, packaging use, and transportation. The footprint from these seemingly small reductions really adds up.

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How Your Small Business Can Thrive In Any Environment