By John Fleming, SBA Mid-Atlantic Regional Administrator
Turkey, stuffing, household and associates. Thanksgiving is that particular time of 12 months when family members collect from close to and much to share for what and whom they’re grateful, all topped off with cranberry sauce and a slice of pie. As soon as the dishes are put away and tryptophan naps are over, ideas flip to vacation procuring and the one-off offers from Black Friday gross sales.
Whether or not or not you courageous the madding crowds the day after Thanksgiving, don’t neglect to share the love on Small Enterprise Saturday, which kicks off the vacation procuring season for what is usually probably the most profitable time of 12 months for native and important small companies. Regionally owned small companies in Maryland account for 99.5 p.c of all enterprise institutions within the state and make use of roughly 1.2 million folks, representing practically half of Maryland’s workforce.
Once you store native, you’re placing your cash proper again into your individual cities and neighborhoods. In comparison with the large field shops, small companies put a a lot bigger share of their income again into the native economic system – for each $100 you spend at a regionally owned enterprise, roughly $68 stays in your native economic system in comparison with solely $43 from the large guys.Â
This implies more cash for fireplace departments and parks and recreation providers in addition to faculties and different community-supported infrastructure and providers. Everyone knows these are issues that make our communities a greater, safer place to reside. You may additionally be shocked to know that small companies donate 250 p.c extra to native nonprofits and neighborhood causes than bigger companies.
Assist maintain the Small Enterprise Saturday momentum going by procuring small this vacation season or any time of 12 months. And when you’re out procuring small this 12 months, inform us the place you’re procuring or eating through the use of #ShopSmall and #SmallBusinessSaturday in your favourite social media platforms.
To be taught extra about Small Enterprise Saturday, please go to http://www.sba.gov/saturday.
