America’s small businesses reflect the best of who we are as a Nation—daring and innovative, courageous and hopeful, always working hard and looking ahead for the next great idea.”- President Barack Obama
May 12-16, we celebrate and recognize America’s entrepreneurs and small business owners! Let’s get started with a brief history of this special week, the importance of small businesses and ways to support them.
- Beginning in 1963, President John F. Kennedy issued the first proclamation announcing National Small Business Week. Since then, each U.S. President continues to support the entrepreneurial spirit of small business owners.
- According to the U.S. Small Business Administration, “more than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the U.S. each year.”
Small businesses create jobs, spark innovation and contribute to America’s global competitiveness. Although small businesses may not generate as much revenue as larger businesses, they are main contributors to the backbone of local economies. Our entrepreneurs are the foundation for many of the United States’ largest businesses. Lastly, small businesses have the ability to adapt rapidly to various economic shifts and often grow into larger corporations. Let’s continue to support our entrepreneurs and small business owners!
Ways you can support small businesses and entrepreneurs:
- Buy locally made goods
- Dine out at a locally-owned and operated restaurant
- Purchase your groceries from a local grocer or market
- Spread the news of your favorite local spot with family and friends
- Preach the importance of supporting local businesses to your family and friends