Every year since 1963, the President of the United States has issued a proclamation announcing National Small Business Week, which recognizes the critical contributions of America’s entrepreneurs and small business owners.
More than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the U.S. each year. Small businesses are the lifeblood of our communities. Small businesses employ over half of the country’s private sector jobs and have created over 60% of new jobs from 2009 to present. Not only are small businesses the engine that drive the country and our economy forward, but they also play an important role within the local community. As those businesses grow and add jobs, they create additional jobs in their neighborhoods—from the restaurants they eat lunch at to the vendors that they buy supplies from. Small businesses understand their connectivity to the local economy and give back by keeping vendor relationships local, running charity drives and making sure they have a positive impact on the communities they are embedded in.
To celebrate Small Business Week, events are hosted nationwide, with Miami, Los Angeles, San Antonio, New York City and Washington, D.C. featuring Small Business Administration sponsored events whose sponsors include companies such as Chase, Microsoft, Visa and more. This year’s theme will be “SBA: Dream Big, Start Small.” To find events in your area, check out the SBA’s Small Business Week website. You can also register for their small business webinars ranging from voluntary benefits to liability for counterfeit fraud on chip card accounts.
So to all the small business owners out there, enjoy your week. Though your hard work, you’re creating 21st century jobs, driving modernization, and increasing America’s global competitiveness.
- On May 5, 2015