According to the Small Business Administration (SBA), there are 33.2 million small businesses in the U.S., accounting for a staggering 99.9% of all businesses in the country. Over the past 25 years, these small businesses have created a net of 12.9 million new jobs, representing approximately 66% of all employment growth in that time. In comparison, large businesses added 6.7 million jobs.
As local businesses thrive, they’re able to hire more employees, provide competitive wages, and offer benefits, strengthening the financial security of our neighbors and friends. They spark the creation of new jobs, providing livelihoods for our community members and fostering a sense of purpose and fulfillment. These jobs, in turn, enable individuals and families to contribute to local charities, nurturing a culture of giving back and supporting those in need. The cycle continues with the growth of our local economy, enabling further investment in vital community infrastructure, education, and other initiatives that enhance the well-being of the community at large.