It’s Small Business Week! Over the past several days, we have seen and heard quite a bit of commentary highlighting how small businesses are integral to a sense of community. Sometimes this can be taken for granted, so we are taking a few moments here to (somewhat anecdotally) talk about why small businesses are so important.
Certainly there’s a significant contribution from small businesses to the U.S. economy. The Small Business Administration notes that “more than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the U.S. each year.” That’s good news, but it only scratches the surface of what small businesses do.
When we think about small businesses, we think about our family, friends, and neighbors. The people that own and operate these businesses are embedded in their communities. They know customers by name and may cross paths with them at the grocery store, social events, and church. These small business representatives often hold seats in local government, directly influencing how a community sees and conducts itself. Many of them hold position on non-profit boards, and others may be sponsors for youth sports teams or other groups.
Whether today’s small businesses stay small or become “the next big thing,” we know that they represent creativity, resourcefulness, and a level of community service that goes beyond economic measures.
Thank you to all of the small businesses for doing what you do and making our communities great.