• Small businesses employ local residents.
According to the SBA’s Office of Advocacy, small businesses accounted for 61.8 percent of net new jobs in the United States between 1993 and …
According to the SBA’s Office of Advocacy, small businesses accounted for 61.8 percent of net new jobs in the United States between 1993 and 2016.
The SBA notes that small businesses represent about 96 percent of employer firms in high-patenting manufacturing industries. That suggests that small businesses are full of new ideas.
Many local businesses give to charity, particularly local charities. Some donate money while others may offer their professional services or event spaces, each of which can be particularly helpful to local communities.
Small businesses contribute to the charm and character of a town or city. Many local businesses make up the fabric of Main Street, and towns are known and loved for the businesses that have endured.
Shopping locally means consumers do not have to travel far to get their goods and services. The United States Environmental Protection Agency’s research report on walkable downtown centers found small businesses encourage walking and cycling, helping to reduce air pollution from vehicles.
Local businesses keep disposable income and tax money within their communities. Business tax money remains local and can support schools, roads and municipal services.