Today, on Small Business Saturday, I want to make my pitch to you and your family on shopping small this Holiday season (and all year long).
Friend,
One of the most impactful ways we can live our values is how we choose to spend our hard-earned money. Modern conveniences have made it really easy to choose the same few places with online ordering and quick delivery when we are doing everything from restocking household items to purchasing gifts.
But today, on Small Business Saturday, I want to make my pitch to you and your family on shopping small this holiday season (and all year long).
Shopping locally fuels our communities’ economies, because when we choose a locally owned small business over a chain retailer, 70¢ of each dollar goes back into our community–compared to 30¢ from a major chain.
Why is that?
Local businesses employ a proportionately higher rate of local employees than chain retailers. This means their payroll expenses go into the pockets of our neighbors, who use that money on their expenses in the community as well.
Local businesses spend twice as much as chain retailers on business needs that can be met locally, such as procurement of needed goods. That means that local businesses’ banks, accountants, attorneys, and designers are twice as likely to be community members, as well.
And local businesses donate more on average to charities and community organizations than chains do. The soccer league sponsors, the Thanksgiving food bank donors, and more – these are all arenas bolstered by the support of our small businesses.
This is why I have spent my Congressional career working to expand federal support for local businesses, and why this Administration has worked with us to create the most funding opportunities for local businesses on record. We know strong communities create a strong country, and we are doing everything in our power to continue this work.
