Small Business Saturday Highlights Local Economies
Friday, November 25, 2022
Holiday shoppers this week have no shortage of options with Small Business Saturday being observed on Nov. 26.
Sandwiched between Black Friday and Cyber Monday, Small Business Saturday reminds shoppers to patronize local retailers, craftspeople and restaurants as they prepare for the holidays.
A small-business economic impact study conducted for American Express reported of every dollar spent at a small business, 68 cents stay in the local economy.
Charles "Tee" Rowe, President and CEO of America's Small Business Development Center, said there is more to holiday shopping than finding the best deal on electronics.
"Small Business Saturday is just a great recognition of the fact that there's so much more in the holiday season, and in buying and being part of your community than rushing to get a big old TV cheap," Rowe explained.
Last year, U.S. shoppers spent $23 billion at independent retailers and restaurants on Small Business Saturday.
Small Business Development Centers are a nationwide network, often hosted by universities or state economic development agencies, which provide free business consulting along with low-cost training to new and existing businesses.
Rowe noted during the pandemic, much of their work was focused on getting small businesses online.
"We've done a lot of work helping small businesses during the pandemic get onto e-commerce and really expand their markets in amazing ways," Rowe recounted.
Small Business Development Centers are funded in part by Congress through the Small Business Administration.
get more stories like this via email
Groups fighting for Palestinian rights are praising a new fact sheet on religious discrimination from the U.S. Department of Education's Office for …
Lawmakers and immigrants-rights activists in the Commonwealth are hoping to pass the Language Access and Inclusion Act, which would dramatically …
New U.S. Department of Agriculture rules will target fraud and increase oversight of the $64 billion-a-year organic food industry. In Iowa, the …
By Jennifer Weiss-Wolf for Ms. Magazine.Broadcast version by Eric Galatas for Colorado News Connection reporting for the Ms. Magazine-Public News …
Health and Wellness
With Black History Month underway, Wisconsin researchers and support groups are highlighting the disparities in cases of Alzheimer's disease…
North Dakota's plan to boost animal agriculture has reignited a thorny issue: loosening restrictions on corporate ownership of farms. The state said …
Oregon is pursuing an aggressive climate plan to switch to renewable energy sources, but it faces one often overlooked issue: enough high-voltage …
A measure in the Washington State Legislature would provide free school meals to K-12 students, but nutrition service workers are worried they are …