State Rep. William A. Barclay, District 120 | Official U.S. House headshot
State Rep. William A. Barclay, District 120 | Official U.S. House headshot
Small businesses play a crucial role in communities, offering unique character and fostering connections among residents. These enterprises are significant job creators and innovators. According to the 2024 Empire State Development Annual Report on the State of Small Businesses, small businesses account for 98% of New York's businesses.
Small Business Saturday, celebrated annually after Thanksgiving since its inception in 2010, encourages consumers to support local shops. A recent survey reveals that 93% of consumers intend to shop at small businesses this holiday season. The survey also highlights that "two in three of these consumers say they’re driven to spend more at small shops by a strong desire to support small and local businesses."
The economic impact of small businesses is substantial. Studies indicate that $68 out of every $100 spent locally remains within the community, benefiting various sectors. Small businesses often give back by hosting events, supporting youth sports, donating to charities, and partnering with other local entities.
Small Business Saturday serves as a reminder of the importance of supporting local shops throughout the year. It encourages thoughtful consumer choices that help maintain community character and economic vitality.