Small Businesses: Unsung Heroes of the U.S. Economy

Large companies get a lot of attention, but small businesses, taken together, have a huge impact on the American economy and communities everywhere.

Did You Know?

•    Small businesses are companies with less than 500 employees.
•    There are more than 30 million small businesses in the U.S.
•    More than 99% of all U.S. companies are small businesses.
•    Small businesses employ nearly 50% of the U.S. workforce.

Small Businesses Support Local Communities

In ways both small and large, small businesses play a critical role in their local communities.

•    Job creation. Local companies stimulate economic growth by providing employment opportunities for residents.
•    Tax money. Small businesses pay taxes, which help support local schools, trash pickup, street repairs and other important community services.
•    Sponsorship dollars. Friendly, neighborhood firms help sponsor youth sports, charitable organizations and other community activities.

Show Your Support for Small Businesses

Small businesses do a lot for your community. You can help support them by shopping small and local.

•    Looking for a gift for someone special? Ask your local specialty retailer.
•    Need a few groceries or a carry-out meal? Your nearby mom-and-pop shop has what you need.
•    Local small businesses are also your trusted source for auto repair, home remodeling and other useful services.

With your help, small business owners and their hardworking employees can continue to thrive, making your community a better place.