In the United States of America alone, there are 30.7 million small businesses. According to statistics done by the Small Business Administration in 2019, this accounts for 99.9% of all U.S. based businesses. As a result, 1.5 million jobs are created annually and account for 64% of the new jobs created in the United States. In light of recent events with the novel coronavirus, it is more important than ever to support small, local businesses in your community to help them through this difficult time. When you support a local business, your money doesn’t go to a billionaire who has just bought his third house. You directly help the owners, employees and their families, and the economy of your local community. When shopping local, you can be sure that your hard-earned money stays right where you spend it. On average, $68 of every $100 spent at a local business stays within the community. When compared to the larger businesses and corporations, only $43 out of every $100 stays within the local business economy (grasshopper.com). As we live in a time where neighbors must call upon neighbors to help and heal our community, it is important to not forget local businesses that rely on their customers and relationships with your mom-and-pop shop down the street.
Here at Dennis Equipment Company, we know how important it is to keep supporting our community during this difficult time. Local businesses rely on each other now more than ever to be a shoulder to lean on. We invite you now and in the times to come after this pandemic has passed to try and put local businesses first. We all know times are uncertain, but what can be certain is that the reliability and sense of community that comes with supporting your local businesses, big and small. As our country prepares to discuss reopening procedures, do your part to help cultivate your community. Shop small, shop local, and support your neighborhood business owners.
Sources:
https://www.oberlo.com/blog/small-business-statistics
https://grasshopper.com/resources/articles/small-business-saturday-statistics/