Remember to include Small Business Saturday in shopping plans for the Thanksgiving weekend, says the federal Small Business Administration (SBA).
Small Business Saturday, observed throughout the United States, is a focus on the importance that small businesses have on the economic vitality of a community and the needed support of these entities which create the most jobs in the overall employment sector, pay major portions of real estate taxes, and provide goods and services which are unavailable at big box retailers and online during and after the Christmas shopping season.
Founded by American Express in 2010 and officially cosponsored by the SBA since 2011, Small Business Saturday has become an important part of the busiest shopping season for small businesses.
Historically, reported projected spending among U.S. consumers who shopped at independent retailers and restaurants on Small Business Saturday reached an estimated $23.3 billion last year, according to AMEX.
Much of this revenue is returned to small business communities in the form of wages, local taxes, purchase of goods and services from other small businesses, and re-investment in local communities.
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