Small Business Saturday: Why support local? How does it impact you? – NewsNation Now

NewsNation Now

CHICAGO (NewsNation Now) — Small Business Saturday is a nationally recognized day in which the local community makes a large push for its consumers to support local.
It’s always the Saturday following Thanksgiving and Black Friday each year for this specific reason.
Back in 2011, the Senate unanimously passed a resolution in support of Small Business Saturday, originally founded by American Express in 2010.
Although the day has been recognized for more than 10 years now, and for local businesses, this year’s Small Business Saturday is more important than ever.
“I think this year specifically, Small Business Saturday is more important than ever,” said Jayson Manship, owner of Moonshot Games. “We saw a big uptick of people wanting to shop small at the beginning of COVID. Then, when the pandemic hit, they said, ‘We really want to make sure local businesses that we care about, that are pouring into our communities, survive.’”
“We thrived in those moments,” Manship continued.
Today, there are over 32.5 million small businesses in the United States.
“A statistic that people are oftentimes surprised at is the fact that in the state of Indiana, 99 percent of businesses are considered small businesses and they employ almost 50 percent of folks living in Indiana,” explained Laura Schafsnitz of the Small Business Administration.
After the Coronavirus pandemic hit in 2020, supporting small businesses became extremely vital to the survival of the local economy.
“What we’ve been able to do, as Small Business Administration, is we’ve been able to provide several different relief programs and funding programs for small businesses to help them survive during the pandemic,” said Schafsnitz.
A very popular resource that has been helpful to small businesses is SBA’s resource partners. These partners help small businesses rethink their business in new and innovative ways. But, of course, the most popular way is to move their business(es) to an online-shopping option or an app.
“When you live in a community, you want to support it. They’re your family. Small business is the backbone of the American economy,” said Schafsnitz
“So supporting small business? Absolutely. Do it on Small Business Saturday, do it on Black Friday, do it every day of the week.”
Matt Sapaula, of moneysmartguy.com, recommends using hashtags like #shopsmall or #smallbusinesssaturday on social media to find local businesses to shop with that you may not find on Google.
You can also visit American Express’ website to find local businesses near you.
NewsNation affiliate contributed to this report

© 1998 – 2021 Nexstar Media Inc. | All Rights Reserved.
The White House said Friday the U.S. will restrict travel from South Africa and seven other countries in the region beginning Monday due to a new COVID-19 variant.
A study from the Pew Research Center looks at the things that people living in 17 “advanced economies” say make their lives meaningful.
The Biden administration on Friday recommended an overhaul of the nation’s oil and gas leasing program to focus on areas that are most suitable for energy development and raise costs for energy companies to drill on public lands and water.
Here are five political reasons President Biden can be thankful — and five reasons for his GOP opponents to feel some gratitude, too.
You won’t need two eyes made out of coal to watch “Frosty the Snowman” this year.
National Geographic magazine’s famed green-eyed “Afghan Girl” has arrived in Italy as part of the West’s evacuation of Afghans following the Taliban takeover of the country, the Italian government said Thursday.
Retailers are expected to usher in the unofficial start to the holiday shopping season Friday with bigger crowds than last year in a closer step toward normalcy. But the fallout from the pandemic continues to weigh on businesses and shoppers’ minds.
Federal health regulators say an experimental COVID-19 pill from Merck is effective against the virus, but they will seek input from outside experts on risks of birth defects and other potential problems in pregnant women.
Inflation is obvious at the gas pump and the grocery store. But there’s a sneakier force at play, too – a force economists are calling shadow inflation.

source