Small businesses have the power to propel local economies and uplift communities. When we shop small we’re supporting small businesses that create two out of three net new jobs and employ more than half of the nation’s private workforce.
As the holiday shopping season begins, let’s recommit to honoring our neighborhood champions, America’s small businesses. November 28 is Small BusinessSaturday® – a day to celebrate and support small businesses for all they contribute to our communities.
There are an estimated 28 million small businesses in the U.S, which employ more than 50% of the nation’s workforce. Small businesses have generated 65% of the net new jobs since 1965, according to Forbes magazine.
One of the newer small businesses to spring up this year in Carlsbad, California is Pop-Out Pets, launched by owner Kimber Bennett, who re-invented a 130-year-old toy – the stuffed animal.
Bennett’s invention is a line of unique stuffed creatures that each morph into three animals with a tuck and fold that children can easily master. Bennett kick-started her new manufacturing business with a $103,000 SBA Community Advantage loan from CDC Small Business Finance. CDC is the national leader in Community Advantage loans.
Main street businesses are critical to our nation’s success and supporting them during Small Business Saturday is an act of economic patriotism.