For more than 50 years, the U.S. Small Business Administration has celebrated National Small Business Week (NSBW), which recognizes the important addition of America’s entrepreneurs and small business owners.
Entrepreneurs and small businesses are facing unique problems and challenges together. Nonetheless, small businesses continue to play a critical role in building a strong economy.
More than 50% 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. Approximately three-quarters of small businesses are owned and operated by one person. Only 50% of businesses survive five years — though most, 70%, hit the two-year mark.
In 2020, the number of small businesses in the U.S. reached 31.7 million.
Although the majority of small businesses hire fewer than 100 employees, they are responsible for millions of new jobs created over the past few years.
This year, Small Business Week begins Sept. 13. Please show your support for our area small businesses.
How can you do that?
• Shop locally
• Buy gift cards
• Order take-out
• Shop now for later
• Write a review
• Share a post/video/etc.
• Tag a friend
• Tell someone about a small business you love.
