Small businesses in the United States play a vital role in our communities, yet they often go unnoticed and unappreciated. It's essential to recognize the value they bring and support them, especially considering the challenges they have faced in recent years. Here are seven compelling reasons why shopping at small businesses is beneficial for the economy, local communities, and individuals like you.
1. Small Businesses Drive Job Creation
Small businesses have been responsible for creating a significant percentage of net new jobs in the U.S. since 1995, providing valuable employment opportunities within their local communities. By supporting these businesses, you contribute to their growth and capacity to hire more workers.
2. Small Businesses Stimulate the Local Economy
When you spend money at a local business, that money often circulates within the local community. It goes towards purchasing local supplies, employing local services, and paying local wages. Small businesses often engage in transactions with other small businesses, creating a network that keeps more dollars circulating locally. This strengthens the local economy and enables small businesses to access financing for expansion.
3. More Tax Revenue Benefits the Community
Shopping locally ensures that tax dollars remain closer to home. In addition to sales tax, small businesses contribute to the community through property, income, and payroll taxes. These funds directly support vital infrastructure such as roads, schools, parks, and other public amenities.
4. Small Businesses Have a Positive Environmental Impact
Compared to larger retailers, small businesses typically have a smaller ecological footprint. They require less infrastructure and often prioritize stocking local products, reducing the need for extensive shipping and transportation. Supporting small businesses contributes to sustainable practices and environmental conservation.
5. Small Businesses Enhance Community Character
Small businesses are what make each community unique and distinctive. Whether it's the familiar coffee shop that knows your order by heart or the bookstore with exceptional book recommendations, these businesses embody the spirit and identity of the community. They contribute to its character and create a sense of belonging.
6. Discover Unique and Exclusive Products
Small shops offer an array of products that can't be found elsewhere. They often showcase items created by local craftsmen, novels penned by local authors, and artwork produced by local artists. Shopping at small businesses provides access to distinctive and exclusive items, adding a special significance to your purchases.
7. Personalized Customer Service and Expertise
When you support small businesses, you can expect a higher level of personalized and memorable customer service. Small business owners are an integral part of the community and are genuinely passionate about their work. This passion is reflected in the care, attention, and expertise they provide to their customers.
Supporting small businesses benefits the economy, local communities, and individuals in numerous ways. From job creation to preserving community character, each purchase made at a small business contributes to a stronger and more vibrant local ecosystem. By recognizing the value of small businesses and consciously choosing to support them, we can foster a thriving entrepreneurial environment that benefits us all.
How Fundr Can Help
Fundr is committed to helping entrepreneurs around the country and understands the urgency of small businesses needing quick access to funding. That's why we offer fast and efficient financing options. Our approval process can take as little as one hour, and funds can be disbursed as soon as the next business day. Whether you need $5,000 or $500,000, we're here to provide the funding your business deserves.
Your information must be verified and accurate in order to qualify.