This Thanksgiving, Ohio
Valley Goodwill is thankful for the small businesses that are creating jobs and
making a difference in our local community. Here are some reasons why:
Small businesses boost the economy
Small businesses have a
significant impact on our local, state, and national economies. According to
the Small Business Administration (SBA), small business employs 77 million Americans and the 30 million+ small
companies across the country account for 99.9% of all U.S. businesses.
The SBA goes on to report
that small businesses contribute to 54% of U.S. sales. The healthy employment
rates and sales produced by small businesses have an impressive impact on the
financial health of our communities and our country.
Small businesses keep it local
Many people love to shop
locally as a way to help keep their local economy healthy. That dynamic applies
to local business owners as well. Local companies are more likely to support
other small companies in the community by utilizing their supplies, financing,
business services, and more.
It’s been reported that
small, independent retailers keep more than three times as much money per
dollar of sale within the community. That study indicated that for every $100 a person spends at a local
business, $68 stays in town. That’s compared to the big box retailers, where
only $43 on the dollar is retained.
Another local economic
factor that small business owners are adding? Local jobs. Because many small
companies operate locally, they are helping to keep more people in the
community employed, and that’s a very good thing!
Small businesses add strength and vitality to the
Small business profits also
strengthen local infrastructure, helping to maintain schools, parks, roads,
bridges, and sidewalks and support critical community services like police departments,
firefighters, and a long list of social services.
businesses give consumers choice
People like choice, and small
businesses making sure they get it! They innovate and provide unique products consumers
can’t find anywhere else. They improve on products that have gone stale. They ensure
that healthy competition is continuing to spur growth. With many types of
businesses competing to be better, communities and the people in them benefit
from having a diverse list of choices.
Big-box retailers and the
mega e-commerce companies can’t match the personal commitment, loyalty, and
ownership that small business owners feel for their communities.
Small businesses, we thank you!
To all entrepreneurs and
business owners, we salute you! This Thanksgiving, give yourself a small pat on
the back for everything you do for your local community. Ohio Valley Goodwill
Industrial Services would particularly like to thank our many small business partners
over the years who have trusted us with their outsourcing
services. Our business
partners help to fuel the Goodwill mission of benefiting all citizens who live,
work, and play in the communities we serve, especially those with disabilities
you’re looking for a local Cincinnati outsourcing provider for help with
assembly, kitting, packaging, fulfillment or warehousing, give us a call today. We’re happy to give you a free quote and a free tour of our