Essay on Important Reasons For Local Businesses

1682 Words Nov 15th, 2016 7 Pages
We generally like to associate the word businesses with the name brand stores we shop at such as Walmart, Kohl’s, Victoria Secret, and Nike. If true though, then what do we associate our local small businesses under? There are many unknown businesses in this world due to their small size and that they are geographically located in one small spot somewhere the world. We tend to lose track of how important these small businesses are to our community and the citizens who live there. Support from local customers is essential to a strong community and its small businesses. There are many important reasons in which to support our local small businesses such as money coming back into the community, increasing local employment, and development of local communities as a whole. Over the years, there has been a dramatic increase in small businesses being created around the country. An array of products and services are being provided by these small business to local communities. Due to this increase much of the nation’s business sector is comprised of small businesses. In fact, in a study done by the Kauffman Foundation it was said that, “Ninety-five percent of all United States companies are small businesses with fewer than fifty employees” (“The Importance of”). This contributes to not only economic strength but also a large portion of job employment around the country. This number tell us that not only are small businesses important to local communities, but they are also important…

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