Providing multiple shipping options can enable community members to be flexible with their shopping, viewing all of the different and innovative products available in a local setting. Technology can also help small businesses thrive, especially regarding online shopping. Many products can be made because of the goods and services of other local outfits, allowing the profits to return to the local economy. With small businesses, there is the ability for cooperation with other local businesses. An independent retailer will generally provide unique products that are unable to be found at larger retailers. They carry inventory and products that are fresh, new and different. Small businesses are innovative and diverse. There is also less labor and work involved than mapping out and building a new mall or department store. This positively affects the economy because there is less city planning that needs to be done. Less Infrastructure and Low Maintenanceīecause small businesses are often located in the middle of a city or downtown, they occupy already existing buildings rather than building new. This means your school districts, police forces and other small businesses and organizations will create a support system and reap the benefits of each others’ hard work. Small businesses generate revenue that converts to local taxes feeding the local economy to create a better business within your community. The more attention small businesses receive, the more labor they need to stay productive. When you have an active community with small businesses placed throughout, townspeople are more likely to shop around from one business to the next, as opposed to only going to one department store for everything they need. In addition to adding local jobs within the small businesses, you can also produce an increase in job opportunities at other nearby small businesses. By opening local jobs, your area’s unemployment rate can start to see a decrease, producing great numbers for your economy. Local jobs are ideal because they reduce the amount of traveling and commuting employees need to do to get to work. With the increase in local small businesses comes an increase in the number of available local jobs. The economic benefits of small businesses are numerous and portray how even the smallest shop can have the largest impact. Because of its convenient location between cities like Philadelphia, Baltimore, Harrisburg and New York, more and more economic opportunities are arising to meet consumer demands. In Cumberland County, small businesses have increasingly become a wonderful addition to small towns and neighborhoods.
Benefits of Small Businesses to the Economy:
BIG BUSINESS DEFINITION PLUS
Celebrating a small business is more than just complimenting its quirk or hipster audience - it’s recognizing and cherishing the positive impact it holds around your community and local government, plus all of the independent and unique products or services not found with big businesses.
The ability to reflect a community’s character and interact with their neighbors on both a business and personal level is something many large corporations are unable to do. Small and local businesses have more community impact than on their designated once-a-year Small Business Saturday awareness events. Back to list SeptemHow Small Businesses Impact Their Communities
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