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Expert: Small Business Saturday has Real Impact Locally
New York Ag Connection - 12/02/2019

With ecommerce and access to national chains, small businesses can be forgotten during the holiday shopping season. By shopping small on Small Business Saturday, people made a real impact on their local community, according to Rochelle Layman, regional director of Binghamton University's Small Business Development Center.

"You might not realize it, but every time you eat at a local restaurant or buy a gift from the local artist down the street, you're shopping small and making a difference," said Layman. "For every dollar spent at a small business in the U.S., approximately 67 cents stays in the local community. Small businesses account for 99.7% of all U.S. businesses and generate 44% of our economic activity. Micro-businesses, those with less than 5 employees, account for 75.3% of private sector employees. So when you Shop Small on Small Business Saturday--and all year long--it can help add up to a big impact."

Empire State Development and the New York State Departments of Labor, Taxation and Finance, and Agriculture and Markets encouraged all New Yorkers to support their local small businesses on Small Business Saturday, which happened this past weekend. By choosing to shop locally Saturday, and every day, New Yorkers are investing in their neighborhoods, strengthening their communities, and keeping tax dollars within the Empire State, the state departments noted.

Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, "New York's small businesses are the backbone of the state's economy, supporting millions of jobs, communities and families here every year. We are proud to devote substantial state support to ensuring that small businesses can thrive everywhere, but we cannot do it alone--the support of everyday customers is integral, and we encourage New Yorkers to shop at their local small businesses this Saturday and every day."

State Labor Commissioner Roberta Reardon said, "Small businesses keep our downtowns vital and relevant, and truly provide the heartbeat of our local communities. Support your local small business owner this Saturday and every day because shopping small can have a big impact."

Department of Taxation and Finance Commissioner Michael Schmidt said, "Celebrating Small Business Saturday by shopping local is a great tribute to our state's entrepreneurs as they showcase their talent and ingenuity. To help small businesses flourish and further propel New York State's economy, we provide a variety of incentives to make starting, growing, or expanding easy and affordable. I encourage all small business owners to visit our Business incentives webpage to learn more about the valuable benefits available."

State Agriculture and Markets Commissioner Richard A. Ball said, "Small Business Saturday is a great opportunity to support local growers, farmers, processors and beverage-makers. We encourage holiday shoppers to consider choosing New York State's top-notch craft beverages, fresh wholesome foods and wide-array of wood products when they are out looking for the perfect holiday decorations, gifts and holiday party supplies. Whether it's an NYS Grown & Certified Christmas tree, a bottle of Finger Lakes Riesling, or Taste NY jellies and jams, New York-produced goods are a cut above the rest and a great way to support our neighboring businesses."

Small Business Saturday celebrates the entrepreneurial spirit of small business owners and invites shoppers to visit local stores at the beginning of the busy holiday shopping season. The small business sector is a major contributor to the foundation of New York's economy, accounting for 98 percent of all businesses in the state and employing more than 52 percent of New York's private sector workforce. Today, New York State has more than 523,000 small business proprietors, employing more than 4 million people.

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