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Shop Small Businesses To Boost The Economy

Shop Small Businesses To Boost The Economy

POSTED November 23, 2016 11:11 a.m.
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Americans who are planning to hit the malls after Thanksgiving should also remember to visit local merchants for their holiday shopping, officials from the National Federation of Independent Business (NFIB) said Tuesday.

“Small business represents 99.7 percent of all U.S. employers, and they provide jobs for 58 million Americans,” said NFIB/CA State Executive Director Tom Scott. “For many local retail businesses, the holiday shopping season is a make-or-break time, and Americans who want to support their communities and the economy should remember to shop small.”

NFIB is a partner again this year with American Express in a national campaign to promote Small Business Saturday, the day after Black Friday and the traditional start of the holiday shopping season. For many small businesses, the four weeks between Thanksgiving and Christmas are a crucial period that could determine whether they are profitable for the year.

Last year, according to the post-holiday survey released by NFIB and American Express, 95 million Americans reported shopping at small businesses on Small Business Saturday, and they spent more than $16 billion, an increase of 14 percent from the previous year.

“Small Business Saturday has grown every year, and we are very proud to sponsor the promotion,” added Scott. “Small Business Saturday is a very important day to recognize small business owners. We hope that more Americans participate on Saturday and they keep small businesses in mind throughout the year.”

For more than 70 years, the National Federation of Independent Business has been the Voice of Small Business, taking the message from Main Street to the halls of Congress and all 50 state legislatures. NFIB has 350,000 dues-paying members nationally, with over 22,000 in California.

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