Top 10 Reasons to Love North Dakota's Small Businesses

SBA Encourages Shopping and Dining Small this Valentine's Day
Release Date: 
Thursday, February 8, 2018
Release Number: 
ND-18-03
Contact: 
Sheri Weston, 701.239.5044

Fargo, ND – Small businesses are the heart of North Dakota’s economy. This Valentine’s Day, the U.S. Small Business Administration (SBA) is encouraging you to shop small and stay local with these top 10 reasons to love small businesses.

Small businesses in North Dakota . . .

  1. Are the economic foundation of vibrant communities – More than 95 percent of North Dakota businesses are small.
  2. Support their Main Streets – The 70,944 small businesses in North Dakota are located in every community and neighborhood.
  3. Provide opportunities – Small business ownership allows people to realize dreams, not only for the owners and their families, but for those they employ and those they serve.
  4. Create jobs – Two out of every three new jobs created in the U.S. are from small businesses.
  5. Have unique items and services – Many small businesses craft their own products or feature those of other local entrepreneurs, providing you a gift like no other for yourself or your special someone.
  6. Grow the global economy – Small businesses make up more than 83 percent of North Dakota exporters.
  7. Employ more than half the workforce – Small businesses employ more than 58 percent of North Dakota’s private workforce.
  8. Are courageous – Starting a business is not easy. Entrepreneurs must be willing to take risks others won’t. They work countless hours, sacrificing their personal time and assets, in order to drive innovation and follow their dreams.
  9. Keep America running – Large companies across the country count on multiple small businesses for parts, services and other important components that keep them running.
  10. Are community driven – Small businesses sponsor local events and fundraisers, give time and resources, and so much more to make our communities better places to live and work.

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About the Small Business Administration

The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012 has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.  The SBA helps Americans start, build and grow businesses.  Through an extensive network of field offices and partnerships with public and private organizations, the SBA delivers its services to people throughout the United States, Puerto Rico, the U.S. Virgin Islands and Guam.