Shop Small Nov 30

Release Date: 
Wednesday, November 27, 2019
By Wendell G. Davis
New England Regional Administrator
U.S. Small Business Administration
 
While the SBA’s New England Regional Office calls one of the busiest cities in the country (Boston, MA) home, I am fortunate enough to be able to visit all 6 New England states on a regular basis.  One of the things I love about my job is that I get to see how the excitement of another holiday season spreads all across the region.  From the big busy cities to the quiet small towns, our local small businesses are gearing up for what is the busiest time of year for many of them, and Small Business Saturday is truly the launching point for the holiday shopping season.
 
SBA New Endland Administrator Wendell DavisThis year marks the 10th year we have celebrated Small Business Saturday, as we look to support the over 30 million small businesses across the country.  Each year, the Saturday after Thanksgiving is dedicated to supporting the small businesses that make up the main streets of all of our cities and towns.  On November 30th, 2019, thousands of locally-owned independent stores and restaurants in New England will participate in this annual event.
 
Small Business Saturday isn’t just about finding deals during the holiday season; it’s about supporting our local small businesses, our neighbors, friends and family.  For these are the same businesses that generate two out of every three net new jobs and deliver essential goods and services to America’s communities 365 days a year.
 
The numbers don’t lie about the impact this has on small businesses.  In 2018, an estimated 104 million U.S. consumers reported shopping or dining at local independently-owned businesses on Small Business Saturday, generating over $17 billion in revenue across the country.  That’s money that goes directly back into our local communities.  In fact, 67 cents of every dollar spent in a local small business stays in that community.  That’s over $11 billion being reinvested in our communities just from one day!
 
With the economy being so strong, this year’s Small Business Saturday is shaping up to be even bigger. The latest jobs report showed that an incredible 128,000 jobs were created in October, blowing past median expectations of 85,000. The unemployment rate remains historically low at 3.6% and the American worker continues to see higher wages and higher paychecks. Wages have increased 3% over the prior 12 months, continuing a spectacular stretch of strong wage growth for American workers.  This is all great news for small businesses, especially during the holiday season as Americans can spend that money on local Main Streets.
 
So now that we have turned back the clocks, there’s a chill in the air around New England and we all turn our attention to the holidays and shopping, I ask that you help us get the ball rolling on Saturday, November 30th and celebrate Small Business Saturday by shopping and dining locally.  Let’s make sure we help support the businesses that sponsor our little league teams, make charitable contributions within the community, whose kids go to school with our kids.  So please remember to shop and dine small not only on Saturday, November 30th, but throughout the holiday season and year round too.  And don’t forget to share your holiday adventures by using the hashtag #ShopSmall on all of your social media whenever you shop or eat at a local small business.
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