Our area small businesses are owned and operated by our neighbors—maybe even friends or family. They genuinely care about the well-being of our community because it’s their home too.
These business owners are among the first to offer their communities a helping hand. Small businesses donate about twice as much per employee to charitable organizations as large businesses.
When you buy products and services from independent locally-owned and operated businesses, you support the community in many ways:
• Small businesses accounted for 65% of all net new jobs over the past 17 years.
• Small businesses employ 77 million Americans.
• 89% of consumers agree that independent businesses contribute positively to local economies.
• Residential neighborhoods served by a successful independent business district gained, on average, 50% more in home values than their citywide markets.
• Independent retailers return more than three times as much money per dollar of sales than chain competitors. Independent restaurants return more than twice as much money per dollar of sales than national restaurant chains.
• If just half the U.S. employed population spent $50 each month in locally owned independent businesses, it would generate more than $42.6 billion in revenue.
• For every square foot a local firm occupies, the local economy gains $179 vs. $105 for a chain store.
Sources: Small Business Administration; Intuit Small Business Innovation Study; American Express OPEN Independent Retail Index; Civic Economics/American Booksellers Assoc., U.S. Dept. of Labor